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Specifically, Germany does not want its privately held savings and cooperative banks — which are crucial in financing the small and midsize enterprises that drive the economy and which survived the crisis unscathed — to be required to raise certain types of capital, and hence alter their business models.
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Under Basel III, banks would have to hold more capital against certain types of mortgages, which could deter banks from making home loans.
2. Unlock access to capital by making crowdfunding legal and changing capital gains for certain types of investments 3. Change regulations and Sarbanes-Oxely to make it easier for smaller companies to go public.
Bank lobby groups have filed their own comment letter asking to delay the rule, to allow for a looser definition of capital, and to exempt certain types of assets from the rule.
A debate is continuing over whether the Dodd-Frank law's Volcker Rule against certain types of trading by banks, and international bank capital rules, will raise costs for investors and businesses.
"It's not neccesarily happening on street corners any more, but it's certainly happening online," says Adams. "It's a lot easier to adopt personas online that cost you absolutely nothing apart from demonstrating certain types of arcane knowledge, what Sarah Thornton called subcultural capital.
In 1981, for instance, the Dutch government decided it would guarantee up to 50% of venture-capital investments in certain types of small firms.
Basel 2 failed not just because it set the level of capital too low, but also because the definition of capital was too lax: banks were allowed to include certain types of debt.
Singapore doesn't tax capital gains -- or income earned from other certain types of investments.
For one, they say new capital rules could make it more expensive to hold certain types of mortgages, though the details here are getting much clearer.
There is a risk that the blunt tool of capital will be asked to do too much: fine-tuning pay policies, for example, and discouraging certain types of trading.
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