The impact of Basel III

In December the BCBS put out the new Basel framework for comment. This new regulatory capital regime would be an important change, requiring that banks raise their regulatory capital levels, maintain higher tier one specifically, provide greater transparency and account for derivatives and securitisation. The proposals are consistent with the statements made by the G20; however, considered with other regulatory reforms in the US and Europe, the new Basel framework will require that financial institutions re-think many aspects of their operations and financing plans. Topics will include: - The basics of the proposed framework and key changes - The new definitions of tier one and tier two capital - The proposed regulatory adjustments, including deferred tax assets - The proposed treatment of derivatives, repo activities and securitisations - The effect on funding costs, the hybrid securities market, and capital structure - The interplay with other pending regulatory reforms Speakers: Tom Young, editor, IFLR Anna Pinedo, Morrison & Foerster LLP Oliver Ireland, Morrison & Foerster LLP Dr Elaine Buckberg, NERA Economic Consulting