More generally, it is possible that having two sets of capital-adequacy rules will distort competition between Basel 1 and Basel 2 banks.
"This is a robust and balanced set of capital initiatives".
But international negotiations on a new set of capital requirements are going slowly, and there is no assurance that they will yield meaningful results.
Whenever a government agency is considering a new rule a set of capital requirements for banks, say, or an environmental regulation one of the first questions it needs to ask is whether obeying the rules leads to a Nash equilibrium.
Whenever a government agency is considering a new rule — a set of capital requirements for banks, say, or an environmental regulation — one of the first questions it needs to ask is whether obeying the rules leads to a Nash equilibrium.
A.I.G. had hoped these swaps would become obsolete at the end of 2009, when European banking was to have completed its adoption of a detailed new set of capital adequacy rules, known as Basel II.
For starters, the bill would create an entirely new, transparent and ungameable set of capital rules for the nation's banks — in other words, a meaningful rainy-day fund.
What Solvency 2, a set of capital rules for European insurers that is being refined at a glacial pace, will mean for firms holding such assets is not clear.There are other factors that hamper the rise of non-bank lenders at the present time.
NEW YORK TIMES Trying to Put an End to Bailouts | A bill introduced by Senators Sherrod Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican, "would create an entirely new, transparent and ungameable set of capital rules for the nation's banks — in other words, a meaningful rainy-day fund," Gretchen Morgenson writes in The New York Times.
"This is history!" Outside the cathedral's plaza — only a few feet from the plaque commemorating the victims of the 2008 grenade attack — someone had set up a huge set of capital letters.
Wilsons plan for a world-leading set of capital ships led to a Japanese counter-programme, and a plan by the British to build sufficient ships to maintain a navy superior to either.
