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Author : Boris Fišera
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (117 download)
Download or read book Basel III Implementation and SME Financing written by Boris Fišera and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rym Ayadi
Publisher : Centre for European Policy Studies
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (321 download)
Download or read book The New Basel Capital Accord and SME Financing written by Rym Ayadi and published by Centre for European Policy Studies. This book was released on 2005 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: The First Basel Capital Accord, implemented in 1988, was aimed at ensuring the soundness and stability of the international banking system. The new accord, Basel II, which is planned for implementation in December 2006, is intended to strengthen the framework for dealing with credit risk. This book provides an informative analysis of what Basel II means for the small and medium-sized enterprize (SME) sector in Europe and its impact on its credit financing conditions. It also presents a detailed analysis of how banks formulate an internal rating system and illustrates how this system works in practice. Finally, it concludes with the key measures that should be taken by banks, SMEs, and public policymakers to improve financing in the new rating culture.
Author : Daniel Hosp
Publisher : GRIN Verlag
ISBN 13 : 3656367426
Total Pages : 27 pages
Book Rating : 4.6/5 (563 download)
Download or read book Importance of Basel III for lending alternatives to SMEs written by Daniel Hosp and published by GRIN Verlag. This book was released on 2013-02-05 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2012 in the subject Business economics - Investment and Finance, grade: 1, University of Innsbruck, course: Aktuelle Themen in Banking and Finance, language: English, abstract: Basel III is currently on everyone’s lips. Some weeks before the introduction of the first requirements it is still not fully clear how and which parts of it will be implemented. Several studies about the impact of Basel III on bank loan availability for small and medium sized companies (SMEs ) do exist (e.g. McKinsey (2010)) which have shown that the introduction of those new regulatory requirements hamper the access for SMEs to sufficient sources of funding. This raises the question if these restrictions for bank lending can be substituted by some alternative funding source or if the availability of external finance to SMEs will be constrained under Basel III. This seminar paper focuses on the lending alternatives apart from bank loans and the possibility of gathering additional equity capital. This is basically the so called asset based finance. Thereby the paper concentrates on European SMEs as long as their conditions are quite similar to those of Austrian SMEs and the introduction of Basel III can be expected to be most strict for European financial institution and thus may hit those SMEs the most. Before starting with the explanation of different lending alternatives the importance of SMEs for the global economy should be pointed out. The importance is especially present in Europe. SMEs account for two third of the total employment in the EU-27 area and they generated more economic growth from 2002 to 2008 than large firms did (Oxford Economics, 2011). Moreover they represent 99% of all businesses that exist in Europe (European Commission, 2005). So SMEs are the main driver of economic growth, employment and wealth in Europe. Apart from that each single SME does not have a systematic risk and they were also not responsible for the current financial crisis. Thus SMEs should generally be supported to sustain growth and employment. Nevertheless the rules of Basel III may have highly negative influences on their financing possibilities which moreover has a negative effect on the real economy...
Author : Apolline Charpentier
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 (89 download)
Download or read book The Impact of Basel II Reforms written by Apolline Charpentier and published by . This book was released on 2014 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The implementation of Basel II reforms has been designed to protect the international financial system from major bank collapses through the enforcement of minimum capital adequacy ratios. This new set of rules has raised concerns of triggering changes in institutions' business models leading to credit contraction, which in turn could potentially contribute to slower global economic development. Small and Middle Enterprises, which have traditionally been engines of growth, innovation, and R&D in Europe, are highly reliant on bank loans as opposed to equity funding. This thesis focuses on the specific impact of Basel II reforms on SME access to financing. The paper is structured around four sections. Part I provides a technical summary of the regulation, focusing on the specific capital requirements for SMEs. Part II reviews today's literature on the topic. Finally, parts III and IV respectively provide a theoretical and empirical examination of the consequences of the reforms on SME financing. Based on these analyses, this thesis supports the conclusion that Basel II reforms have not been the cause of a contraction in SME lending.
Author :
Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)
Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Asmus Angelkort
Publisher :
ISBN 13 : 9783868729214
Total Pages : 23 pages
Book Rating : 4.7/5 (292 download)
Download or read book Basel III and SME Financing written by Asmus Angelkort and published by . This book was released on 2011 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Miryusup Abdullaev
Publisher : GRIN Verlag
ISBN 13 : 3656590613
Total Pages : 107 pages
Book Rating : 4.6/5 (565 download)
Download or read book Basel III and corporate financing. Impact of the newest Basel III banking regulation accords on corporate capital-raising strategies. written by Miryusup Abdullaev and published by GRIN Verlag. This book was released on 2014-02-10 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2013 in the subject Economics - Finance, grade: 1, University of Applied Sciences Coburg, language: English, abstract: Management Summary In response to the recent financial and ensuing economic crisis of 2007-2008, the Basel Committee on Banking Supervision announced a new set of measures – Basel III, which ought to create a more resilient banking system. It also intends to help contain adverse effects of financial system from spilling over to real economy. This, in turn, will allow real sector of economy avoid potential credit disruptions in future. However, just as a coin has two different sides, Basel III might also have unintended adverse effects on real sector. Therefore, this research is addressed at analyzing possible effects of the new regulations on corporate financing. Through review of relevant literature, we have been able to identify the most significant researches in the area to date. On one hand, advocates of Basel III argue for a substantial net economic advantage of around 2.6 per cent of annual GDP increase as a result of implementation and imply that society will be better off as a result. On the other hand, there are a number of critics, who state that prescribed tighter and liquidity requirements will create a two-side pressure on RoE of banks, prompting these to allocate less capital to lending business – thus decreasing credit, available to real economy. As a result, after conducting two case-studies: one a bank and another on a non-financial corporate, it has been determined that, on one hand, larger banks, using market leadership position, relatively bigger size and also given efforts, directed at reduction of operational costs will be able to limit price increase of most of commercial banking products. On the other hand, it is defined that this is the right time for non-financial corporates for a wider direct financial market participation. In general, this paper extends support for the new banking regulations given a proper implementation. As a closing point, a recommendation on how to best perform this strategic shift from traditional banking products to financial market products was proposed. Keywords: Basel III, corporate finance, strategy tools
Author : Caio Ferreira
Publisher : International Monetary Fund
ISBN 13 : 1498320309
Total Pages : 42 pages
Book Rating : 4.4/5 (983 download)
Download or read book From Basel I to Basel III: Sequencing Implementation in Developing Economies written by Caio Ferreira and published by International Monetary Fund. This book was released on 2019-06-14 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing economies can strengthen their financial systems by implementing the main elements of global regulatory reform. But to build an effective prudential framework, they may need to adapt international standards taking into account the sophistication and size of their financial institutions, the relevance of different financial operations in their market, the granularity of information available and the capacity of their supervisors. Under a proportionate application of the Basel standards, smaller institutions with less complex business models would be subject to a simpler regulatory framework that enhances the resilience of the financial sector without generating disproportionate compliance costs. This paper provides guidance on how non-Basel Committee member countries could incorporate banks’ capital and liquidity standards into their framework. It builds on the experience gained by the authors in the course of their work in providing technical assistance on—and assessing compliance with—international standards in banking supervision.
Author : Philipp Marek
Publisher :
ISBN 13 : 9783957299147
Total Pages : 0 pages
Book Rating : 4.2/5 (991 download)
Download or read book Basel III and SME Bank Finance in Germany written by Philipp Marek and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how Basel III capital reforms affected bank lending in Ger- many. We focus on the increase of minimum risk-based capital requirements and the introduction of the leverage ratio. The announcement of stricter risk-based capital regulation significantly affected low capitalized banks. The impact depends on a bank's credit risk model, i.e. whether a bank applies the standardized approach (SA) or an internal ratings-based approach (IRBA) to determine risk weights. Low capitalized SA banks significantly cut lending whereas IRBA banks did not ad- just lending volumes. By contrast, low capitalized IRBA banks significantly in- creased collateralization while low capitalized SA banks adjusted collateralization only marginally. Moreover, the impact on SMEs and large companies also differs. In terms of lending, SMEs were affected more strongly, whilst in terms of collateralization the impact on large companies was bigger. The announcement of the leverage ratio had, however, a rather limited impact. We find some evidence that low capitalized banks reduced lending. Furthermore, low capitalized banks somewhat tightened collateral requirements, especially for large companies.
Author : Rym Ayadi
Publisher : CEPS
ISBN 13 : 9789290794905
Total Pages : 108 pages
Book Rating : 4.7/5 (949 download)
Download or read book The New Basel Capital Accord and the Future of the European Financial System written by Rym Ayadi and published by CEPS. This book was released on 2004 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this report is to provide a detailed, up-to-date and critical analysis of the New Basel Capital Accord framework. It focuses on the limitations and pitfalls that may deserve further investigation, particularly at the European level. Moreover, it provides a provisional assessment of its effects on small- and medium-sized European banks, as well as small- and medium-sized European enterprises. It examines the procyclicality of the new Accord and offers mechanisms to counter it. Finally, it addresses the challenges of implementing the new rules at the EU level.
Author : Mr.Sami Ben Naceur
Publisher : International Monetary Fund
ISBN 13 : 1484328302
Total Pages : 54 pages
Book Rating : 4.4/5 (843 download)
Download or read book Basel III and Bank-Lending: Evidence from the United States and Europe written by Mr.Sami Ben Naceur and published by International Monetary Fund. This book was released on 2017-11-15 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using data on commercial banks in the United States and Europe, this paper analyses the impact of the new Basel III capital and liquidity regulation on bank-lending following the 2008 financial crisis. We find that U.S. banks reinforce their risk absorption capacities when expanding their credit activities. Capital ratios have significant, negative impacts on bank-retail-and-other-lending-growth for large European banks in the context of deleveraging and the “credit crunch” in Europe over the post-2008 financial crisis period. Additionally, liquidity indicators have positive but perverse effects on bank-lending-growth, which supports the need to consider heterogeneous banks’ characteristics and behaviors when implementing new regulatory policies.
Author : Moritz Werner
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (86 download)
Download or read book Impact of Basel III on Banks and the Consequence for SME Financing written by Moritz Werner and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Diese Arbeit untersucht den Einfluss von der unmittelbaren Einführung des Basel III Regelwerkes auf Banken, ihre Kreditvergabe und die daraus resultierenden Konsequenzen für mittelständische Unternehmen in Deutschland. In dieser Arbeit wird herausgearbeitet wie strengere Kapitalanforderungen langfristig die Finanzierungskosten einer Bank erhöhen werden und diese möglicherweise an die Bankkunden in Form von höheren Zinsen weitergegeben werden. Weitere Konsequenzen wurden in einer restriktiveren Kreditvergabe, der Reduzierung von risikobehafteten Anlagen und in der Verschärfung von Kreditkonditionen gefunden. Darüber hinaus werden Kredite an mittelständische Unternehmen unter Basel III unvorteilhaft gegenüber anderen Krediten behandelt. Diese Auswirkungen von Basel III im Kreditgeschäft wurden auf die finanziellen Kennzahlen von 143 mittelständischen Unternehmen projiziert mit dem Ergebnis, dass vor allem die Profitabilität sinkt während die Liquidität stabil bleibt. Zusätzlich entsteht bei den untersuchten Unternehmen eine durchschnittliche Finanzierungslücke von 5% der totalen Aktiven.
Author : Emily Lee
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (13 download)
Download or read book Basel III and Its New Capital Requirements, as Distinguished from Basel II. written by Emily Lee and published by . This book was released on 2015 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: From July 1988 when the original Basel Accord, Basel I, was introduced until January 2013 when Basel III implementation began, over the past 25 years, capital adequacy requirements have emerged as the dominant form of regulation for maintaining the financial soundness of banks. The rationale for reserving regulatory capital is to allow a bank, when under financial stress, to draw upon a pool of reserved funds comprised of shareholders' equity and its retained earnings, providing a buffer against a bank's unexpected losses. The Basel Committee on Banking Supervision (“Basel Committee”) issued a consultative document in December 2009 titled “Strengthening the Resilience of the Banking Sector,” often referred to by practitioners as “Basel III.” Though a consultative document, the Basel Committee saw it as a set of proposed changes to the Basel II framework that was first issued in 2004. A comprehensive reform package, Basel III draws lessons from the global financial crisis of 2007-2009, one of them being the banking sectors in many countries had built up excessive on- and off-balance sheet leverage that was accompanied by a gradual erosion of the quantity and quality of the capital base. Basel III strengthens and redefines the global capital framework by raising banks' capital adequacy ratios and requiring banks to build up its capital defenses in periods when credit is at excessive levels, upholding a financially sound banking system that is the backbone of a functional market economy; because a market economy needs a financially sound banking system for raising capital and extending credit. Despite its relatively long five year phase-in period, Basel III is stricter than Basel II; and, Basel III, like its predecessors, does not have enforcement mechanisms due to its soft-law nature. Focusing especially on Basel III's capital adequacy requirement, this article aims to examine Basel III's implementation and measures for reducing systemic risk, its improvement from Basel II as well as its impact on trade finance, project finance and small- and medium-sized enterprises (“SMEs”).
Author : Celine Bou Abdo
Publisher :
ISBN 13 :
Total Pages : 190 pages
Book Rating : 4.:/5 (18 download)
Download or read book Measuring, Assessing and Comparing Basel I, II, III on a Portfolio of Loans Allocated by a Lebanese Bank to SMEs written by Celine Bou Abdo and published by . This book was released on 2017 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: The objective of this thesis is to estimate and compare the capital requirements of an SME portfolio belonging to a Lebanese Commercial Bank under different regulatory frameworks, Basel I, Basel II and Basel III, in addition to illustrating the calculation of the capital adequacy ratio to comply with the requirements of BDL and BCCL. Design/methodology/approach: The sample used consists of a portfolio of loans granted by a Lebanese commercial bank to 1,099 different clients as of June 30, 2017. The study aims first at demonstrating the several approaches (Standardized Approach, IRB Approach, with and without supporting factor approach) that calculate the capital requirements under Basel Accords and second revealing the steps applied in order to implement the procedure following the BCCL Requirements. Findings: The findings of the study revealed that the theoretical models do not comply with the real facts. Moreover, it showed that the introduction of the supporting factor to Basel III has a positive impact on the credit lending for SMEs and a negative impact on the bank by not having sufficient capital to face stressed economy. Research limitations: One of the limitations of this study is the lack of transparency of the Lebanese banking sector. Another limitation is related to the credit risk management procedure implemented by the bank. Practical implications: The results of this research draw a comparative approach between the theoretical part (Basel Accords) and the credit risk management procedure applied in Lebanon under the BCCL requirements. Originality/value: This study is the first academic paper that tackles in details the implementation of a credit risk management procedure as per BCCL requirements, through a concrete Lebanese bank portfolio of loans.
Author : Benjamin H. Cohen
Publisher :
ISBN 13 : 9789291311446
Total Pages : 27 pages
Book Rating : 4.3/5 (114 download)
Download or read book Banks and Capital Requirements written by Benjamin H. Cohen and published by . This book was released on 2014 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vanessa Le Leslé
Publisher : International Monetary Fund
ISBN 13 : 1475502656
Total Pages : 50 pages
Book Rating : 4.4/5 (755 download)
Download or read book Revisiting Risk-Weighted Assets written by Vanessa Le Leslé and published by International Monetary Fund. This book was released on 2012-03-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these calculations, drawing upon a sample of systemically important banks from Europe, North America, and Asia Pacific. We then discuss a range of policy options that could be explored to fix the actual and perceived problems with RWAs, and improve the use of risk-sensitive capital ratios.
Author : Bart Baesens
Publisher : John Wiley & Sons
ISBN 13 : 1119143985
Total Pages : 517 pages
Book Rating : 4.1/5 (191 download)
Download or read book Credit Risk Analytics written by Bart Baesens and published by John Wiley & Sons. This book was released on 2016-10-03 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited, comprehensive guide to practical credit risk modeling Credit Risk Analytics provides a targeted training guide for risk managers looking to efficiently build or validate in-house models for credit risk management. Combining theory with practice, this book walks you through the fundamentals of credit risk management and shows you how to implement these concepts using the SAS credit risk management program, with helpful code provided. Coverage includes data analysis and preprocessing, credit scoring; PD and LGD estimation and forecasting, low default portfolios, correlation modeling and estimation, validation, implementation of prudential regulation, stress testing of existing modeling concepts, and more, to provide a one-stop tutorial and reference for credit risk analytics. The companion website offers examples of both real and simulated credit portfolio data to help you more easily implement the concepts discussed, and the expert author team provides practical insight on this real-world intersection of finance, statistics, and analytics. SAS is the preferred software for credit risk modeling due to its functionality and ability to process large amounts of data. This book shows you how to exploit the capabilities of this high-powered package to create clean, accurate credit risk management models. Understand the general concepts of credit risk management Validate and stress-test existing models Access working examples based on both real and simulated data Learn useful code for implementing and validating models in SAS Despite the high demand for in-house models, there is little comprehensive training available; practitioners are left to comb through piece-meal resources, executive training courses, and consultancies to cobble together the information they need. This book ends the search by providing a comprehensive, focused resource backed by expert guidance. Credit Risk Analytics is the reference every risk manager needs to streamline the modeling process.
