Basel III agreed to add the world's banks face capital

Li Zheng from Beijing by the press each

September 12 , the Basel Committee on Banking Supervision management meetings held in Switzerland , representatives of 27 Member States of the Central Bank to strengthen banking supervision , " Basel III "( hereinafter "Agreement") agreed . The reform mainly related to the level of minimum capital requirements , including minimum requirements for the proportion of common stock from 2 % to 4.5% , 2.5% of the capital retained to establish a buffer and 0% to 2.5 % of the reverse cycle of the capital buffer .

While the world's major banks meet capital adequacy ratio of the basic requirements of Basel III , but Basel III for a new calculation of capital requirements , including China, the global bank's capital adequacy ratio will be diminished and some European banks Or facing shortage of capital .

　　November will finally approved

Agreement on the world bank 's capital adequacy ratio , common stock and capital buffer to a more detailed requirements and transitional arrangements , the majority of the industry consistent with previous expectations.

The agreement stipulates that commercial banks around the world within 5 years must be a minimum capital adequacy ratio requirement of 4% from the current raised to 6% , the transition period of 2013 rose 4.5% , 5.5% in 2014 , up 6% in 2015 . Meanwhile, the agreement will be the minimum requirements of ordinary shares from 2 % to 4.5% , the transition period of 2013 rose 3.5% to 4% in 2014 , rose to 4.5% in 2015 . As of January 1, 2019 , the world's commercial banks must retain a buffer of capital raised to 2.5%.

In addition, the agreement to maintain the current capital adequacy ratio of 8% change ; but increases the capital cushion of capital adequacy requirements in 2019 before gradually from the current 8% to 10.5% . The lowest percentage of common stock plus retained the buffer capital ratio in 2019 from the current 3.5 percent before gradually rising to 7%.

The agreement on a proposed new capital restrictive definition includes only common stock and perpetual preferred stock . The meeting also decided to banks at the latest by the end of 2017 fully accepted the new definition for a capital .

This agreement is the field of banking supervision in recent decades for the largest reform . Central banks and regulatory authorities hope that these reforms to encourage banks to reduce high Fengxianyewu , Tongshi to ensure that banks have sufficient reserves , Nengbuyikao Zhengfu relief Du Li should Jinhoukeneng place of Jinrongweiji .

According to relevant sources, 20 leaders of the Group in November this year at the summit in the South Korean capital approval " Basel III ".

　　Europe and the United States part of the bank or face capital shortage

" Basel III " called on Member States from 1 January 2013 were included in the law from the agreement and asked the Member States from the date of the commercial banks must meet their minimum requirements. In particular, the new agreement made on a new definition of capital .

New York, Bruyette & Wood FrederickCannon bank analyst , said the new agreement redefines the level of capital, therefore , in accordance with the KBW Bank Index to calculate , including Citibank and Bank of America , including seven U.S. banks will face a shortage of capital adequacy Situation .

According to Citibank and Bank of America 2009 Annual Report of view, its a capital adequacy ratio reached 11.67 % and 9.25% ; a capital of 127.034 billion U.S. dollars respectively, and 160.388 billion U.S. dollars ; common stock rates were 6.49% and 6.46% . After the implementation of the new definition , both a capital adequacy ratio may be lower than 6%.

In a capital adequacy ratio , the European commercial banks are more stretched than their U.S. counterparts . According to the statistics for the first half of this year , Europe 's top 10 commercial banks in a capital adequacy ratio averaged 9.26% , up 10.80% of Deutsche Bank , the minimum is the Bilbao Vizcaya Bank 7.7%. Over the same period , the U.S. top 10 commercial banks in an average capital adequacy ratio of 11.25% , the highest is 13.80% Bank of New York Mellon , Bank of America 7.81% minimum .

To meet the new requirements , Germany's largest bank Deutsche Bank said it will plan additional 9.8 billion euros of shares to avoid a shortage of capital has brought many negative effects.

　　Chinese-funded bank's capital adequacy ratio will be affected

Currently, China's banks generally follow the " Basel II " provisions , which allow banks to use internal market risk model approved themselves . Basel II will beBank of China(3.35,0.00,0.00%)Only route to international trade , some Chinese banks had already accepted the agreement proposed schedule .

After the news , according to several brokerage firms and institutional reports , if the final implementation of the agreement , the banking sector 's capital adequacy ratio will fall nearly 1 percent , the banks may be in new loans 600 000 000 000 ~ 700 billion yuan .

ICBC chairman Jiang Jianqing has said that if the implementation of the new Basel II rules , according to preliminary estimates the bank , its capital adequacy ratio of the bank of no more than 1 percentage point.

According to the 2010 mid-year report shows that commercial banks a general decline in capital adequacy ratio , industry, agriculture , in construction , cross five major banks , with the exception of a cross line and the Bank of China increased the capital adequacy ratio , the other three General decline , Agricultural Bank of China fell the most, up 1.02% .

Chinese Academy of Social Sciences researcher at the Institute high reserve finance the " Daily Economic News " reporter , said: " Capital consuming a typical mode of China's banking sector , most of its income from interest rate differentials , demanding additional capital , capital adequacy Rate is the main problem facing China's banking sector . As the new agreement to re- define the calculation of capital adequacy ratio , China's banking sector will face even greater challenges . Danshi , this is an opportunity for China's banking sector Zhuanxing . "

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