04575nam 2200697 450 991046271580332120200520144314.01-4755-1198-11-4755-1197-3(CKB)2670000000332688(EBL)1607005(SSID)ssj0001176401(PQKBManifestationID)11720807(PQKBTitleCode)TC0001176401(PQKBWorkID)11138183(PQKB)11184974(MiAaPQ)EBC1607005(Au-PeEL)EBL1607005(CaPaEBR)ebr10629465(OCoLC)811153512(EXLCZ)99267000000033268820140815h20122012 uy 0engurcnu||||||||txtccrAssessing the cost of financial regulation /prepared by Douglas Elliott, Suzanne Salloy, and André Oliveira SantosWashington, District of Columbia :International Monetary Fund,2012.©20121 online resource (83 p.)IMF Working Paper, WP/12/233Description based upon print version of record.1-4755-1199-X 1-4755-1083-7 Includes bibliographical references.Cover; Contents; Executive Summary; Introduction; I. Literature Review; II. Qualitative Assessments of the Cost Impact of Regulatory Changes; Tables; 1. Basel III Impact on Credit and GDP Growth; 2. Major Regulatory Initiatives; 3. Impact of Major Regulatory Initiatives on U.S. Financial Institutions; III. Quantitative Analysis of Stand-Alone Reforms; A. Choice of Baseline Scenario; B. Translating Cost Changes to Credit Impacts; C. Estimating Changes to Lending rates; D. Capital Requirements; 4. Pro-forma Basel III Common Equity Tier 1 Capital Ratios by Region, End-2010; Figures1. Effect of Basel III Changes on Common Equity Tier 1 Capital Ratios 5. Planned Mitigating Actions by U.S., European, and Japanese Banks; 6. Pro-forma Basel III Common Equity Tier 1 Capital Ratios by Bank Business; 2. Effect of Basel 2.5 and III on Common Equity Tier Capital Ratios; 7. Effects of Higher Capital Levels on Lending Rates; E. Liquidity Requirements; 8. Pro-forma Basel III Liquidity Ratios, End-2010; 9. Estimated Effects of Liquidity Changes on Lending Rates; F. Derivatives Requirements; 10. Effects of Derivatives Reforms on Banks per Year; G. Securitization Requirements11. Estimated Effects of Derivatives Changes on Lending RatesH. Taxes and Fees; I. Integrated Effects on Credit Provision; 12. Annual Fees and Taxes on European and U.S. Banks; 13. Estimated Effects of Tax and Fee Changes on Lending Rates; 14. Cumulative Impact of Regulatory Reforms on Lending rates; 3. Effects of Changes in Key Parameter Assumptions on Lending Rates; IV. Uncertainties and Areas for Further Research; V. Conclusion; Appendix I. Supplementary Tables; Appendixes; I. Supplementary Tables; 16. European, Japanese, and U.S. Banks in the Sample17. Planned De-Risking Measures, End-2010 Appendix II. Assumptions for the Credit Pricing Equation; II. Assumptions for the Credit Pricing Equation; ReferencesThis study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in the base case would rise by 18 bps in Europe, 8 bps in Japan, and 28 bps in the United States. These results are similar to the official BIS assessments of Basel III and an OECD analysis, but lower as a result of including expense cuts and reductions in the returns required by investors. As a result,IMF working paper.Financial institutionsLaw and legislationBank capitalLaw and legislationBank loansElectronic books.Financial institutionsLaw and legislation.Bank capitalLaw and legislation.Bank loans.346.436082Salloy Suzanne Elliott DouglasSantos André OliveiraInternational Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910462715803321Assessing the cost of financial regulation2101405UNINA