LEADER 04575nam 2200697 450 001 9910462715803321 005 20200520144314.0 010 $a1-4755-1198-1 010 $a1-4755-1197-3 035 $a(CKB)2670000000332688 035 $a(EBL)1607005 035 $a(SSID)ssj0001176401 035 $a(PQKBManifestationID)11720807 035 $a(PQKBTitleCode)TC0001176401 035 $a(PQKBWorkID)11138183 035 $a(PQKB)11184974 035 $a(MiAaPQ)EBC1607005 035 $a(Au-PeEL)EBL1607005 035 $a(CaPaEBR)ebr10629465 035 $a(OCoLC)811153512 035 $a(EXLCZ)992670000000332688 100 $a20140815h20122012 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aAssessing the cost of financial regulation /$fprepared by Douglas Elliott, Suzanne Salloy, and Andre? Oliveira Santos 210 1$aWashington, District of Columbia :$cInternational Monetary Fund,$d2012. 210 4$dİ2012 215 $a1 online resource (83 p.) 225 1 $aIMF Working Paper, WP/12/233 300 $aDescription based upon print version of record. 311 $a1-4755-1199-X 311 $a1-4755-1083-7 320 $aIncludes bibliographical references. 327 $aCover; 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; Figures 327 $a1. 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 Requirements 327 $a11. 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 Sample 327 $a17. Planned De-Risking Measures, End-2010 Appendix II. Assumptions for the Credit Pricing Equation; II. Assumptions for the Credit Pricing Equation; References 330 $aThis study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in the base case would rise by 18 bps in Europe, 8 bps in Japan, and 28 bps in the United States. These results are similar to the official BIS assessments of Basel III and an OECD analysis, but lower as a result of including expense cuts and reductions in the returns required by investors. As a result, 410 0$aIMF working paper. 606 $aFinancial institutions$xLaw and legislation 606 $aBank capital$xLaw and legislation 606 $aBank loans 608 $aElectronic books. 615 0$aFinancial institutions$xLaw and legislation. 615 0$aBank capital$xLaw and legislation. 615 0$aBank loans. 676 $a346.436082 702 $aSalloy$b Suzanne 702 $aElliott$b Douglas 702 $aSantos$b Andre? Oliveira 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910462715803321 996 $aAssessing the cost of financial regulation$92101405 997 $aUNINA