Tatiana Dementieva
Anonymous sources report that the European Banking Authority won’t change its requirements for European banks. The official report is to be published today, on October 3rd 2012.
Most European banks hope for lower reserve requirements. However, volatile markets and higher financial risks seem to reduce to nothing these hopes.
The Basel III standard will take effect on January 1st 2013. Basel III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity risk agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11.
According to the regulator’s estimations, European banks will have to allocate some €200 bn in order to meet the requirements of the mew standard.
The chart below, courtesy of , reflects the current state of affairs in the market of EURUD:
Tatiana Dementieva
