Strengthening bank capital – Basel III and beyond（加强银行资本u2014u2014巴塞尔协议III和超越）.pdfVIP

Strengthening bank capital – Basel III and beyond Stefan Ingves Chairman, Basel Committee on Banking Supervision and Governor, Sveriges Riksbank Keynote address to the Ninth High Level Meeting for the Middle East North Africa Region, jointly organised by the Basel Committee on Banking Supervision, the Financial Stability Institute and the Arab Monetary Fund (AMF) Abu Dhabi, United Arab Emirates, 18 November 2013 As prepared for delivery Good morning everyone, and thank you for the opportunity to speak about what – among the myriad of recent regulatory initiatives – has probably been the most important: strengthening bank capital. Strengthening bank capital is not simply about asking banks to hold more capital. Rather, it is a broader objective that involves ensuring the functioning of the entire capital regime. The Basel Committee’s approach has therefore been to work extensively on the consistent implementation of the regulatory capital framework. The ultimate goal is to implement Basel III so that it strengthens the quantity, quality, consistency and reliability of bank capital ratios around the world. Quantity and quality of capital As you know, a set of requirements designed to raise the quantity and quality of bank capital lies at the heart of the Basel III reforms. Not only were minimum capital requirements raised, but the increases in capital requirements were focused on where they were needed most: in going-concern loss-absorbing capital, or Common Equity Tier 1. The requirement for higher-quality capital was just as important as the increases in the headline minimum capital ratios, if not more so. Given the challenge posed by the new requirements to a banking industry still in recovery, Basel III provides for a transitional period out to 2019 so that banks will have ample time to build their capital bases