Unintended consequences of new international supervisory framework: An Emerging Market Perspective (Keynote address by Shri S.S. Mundra Deputy Governor, RBI at the Banque de France – Reserve Bank of India Joint Conference at Paris on July 20, 2015)

Unintended consequences of new international supervisory framework: An Emerging Market Perspective (Keynote address by Shri S.S. Mundra Deputy Governor, RBI at the Banque de France – Reserve Bank of India Joint Conference at Paris on July 20, 2015) https://www.taxtmi.com/news?id=14741 Basel III capital and liquidity measures, LCR/NSFR liquidity prescriptions and TLAC aim to bolster bank resilience and reduce taxpayer bailouts, but in EMDEs they raise funding costs, compress bank returns, and can constrain credit to infrastructure and MSMEs. Jurisdictional differences-statutory holdings of government securities, deposit run off profiles, and shallower capital markets-mean these global standards can have disproportionate adverse effects; accordingly, intensified supervision, greater national discretion, and longer phased calibration are recommended to preserve stability while protecting growth and inclusion. en-us Fri, 24 Jul 2015 12:15:15 +0530 Fri, 24 Jul 2015 12:15:15 +0530 TaxTMI RSS Generator Unintended consequences of new international supervisory framework: An Emerging Market Perspective (Keynote address by Shri S.S. Mundra Deputy Governor, RBI at the Banque de France – Reserve Bank of India Joint Conference at Paris on July 20, 2015) https://www.taxtmi.com/news?id=14741 Basel III capital and liquidity measures, LCR/NSFR liquidity prescriptions and TLAC aim to bolster bank resilience and reduce taxpayer bailouts, but in EMDEs they raise funding costs, compress bank returns, and can constrain credit to infrastructure and MSMEs. Jurisdictional differences-statutory holdings of government securities, deposit run off profiles, and shallower capital markets-mean these global standards can have disproportionate adverse effects; accordingly, intensified supervision, greater national discretion, and longer phased calibration are recommended to preserve stability while protecting growth and inclusion. News - Fri, 24 Jul 2015 12:15:15 +0530 https://www.taxtmi.com/news?id=14741