最新巴塞尔协议三中英对照文档格式.docx

最新巴塞尔协议三中英对照文档格式.docx

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12September2010

Atits12September2010meeting,theGroupofGovernorsandHeadsofSupervision,theoversightbodyoftheBaselCommitteeonBankingSupervision,announcedasubstantialstrengtheningofexistingcapitalrequirementsandfullyendorsedtheagreementsitreachedon26July2010.Thesecapitalreforms,togetherwiththeintroductionofagloballiquiditystandard,deliveronthecoreoftheglobalfinancialreformagendaandwillbepresentedtotheSeoulG20LeaderssummitinNovember.

TheCommittee'

spackageofreformswillincreasetheminimumcommonequityrequirementfrom2%to4.5%.Inaddition,bankswillberequiredtoholdacapitalconservationbufferof2.5%towithstandfutureperiodsofstressbringingthetotalcommonequityrequirementsto7%.ThisreinforcesthestrongerdefinitionofcapitalagreedbyGovernorsandHeadsofSupervisioninJulyandthehighercapitalrequirementsfortrading,derivativeandsecuritisationactivitiestobeintroducedattheendof2011.

MrJean-ClaudeTrichet,PresidentoftheEuropeanCentralBankandChairmanoftheGroupofGovernorsandHeadsofSupervision,saidthat"

theagreementsreachedtodayareafundamentalstrengtheningofglobalcapitalstandards."

Headdedthat"

theircontributiontolongtermfinancialstabilityandgrowthwillbesubstantial.Thetransitionarrangementswillenablebankstomeetthenewstandardswhilesupportingtheeconomicrecovery."

MrNoutWellink,ChairmanoftheBaselCommitteeonBankingSupervisionandPresidentoftheNetherlandsBank,addedthat"

thecombinationofamuchstrongerdefinitionofcapital,higher

absorbingcapitalwillbeimplementedaccordingtonationalcircumstances.Thepurposeofthecountercyclicalbufferistoachievethebroadermacroprudentialgoalofprotectingthebankingsectorfromperiodsofexcessaggregatecreditgrowth.Foranygivencountry,thisbufferwillonlybeineffectwhenthereisexcesscreditgrowththatisresultinginasystemwidebuildupofrisk.Thecountercyclicalbuffer,whenineffect,wouldbeintroducedasanextensionoftheconservationbufferrange.

Thesecapitalrequirementsaresupplementedbyanon-risk-basedleverageratiothatwillserveasabackstoptotherisk-basedmeasuresdescribedabove.InJuly,GovernorsandHeadsofSupervisionagreedtotestaminimumTier1leverageratioof3%duringtheparallelrunperiod.Basedontheresultsoftheparallelrunperiod,anyfinaladjustmentswouldbecarriedoutinthefirsthalfof2017withaviewtomigratingtoaPillar1treatmenton1January2018basedonappropriatereviewandcalibration.

SystemicallyimportantbanksshouldhavelossabsorbingcapacitybeyondthestandardsannouncedtodayandworkcontinuesonthisissueintheFinancialStabilityBoardandrelevantBaselCommitteeworkstreams.TheBaselCommitteeandtheFSBaredevelopingawellintegratedapproachtosystemicallyimportantfinancialinstitutionswhichcouldincludecombinationsofcapitalsurcharges,contingentcapitalandbail-indebt.Inaddition,workiscontinuingtostrengthenresolutionregimes.TheBaselCommitteealsorecentlyissuedaconsultativedocumentProposaltoensurethelossabsorbencyofregulatorycapitalatthepointofnon-viability.GovernorsandHeadsofSupervisionendorsetheaimtostrengthenthelossabsorbencyofnon-commonTier1andTier2capitalinstruments.

Transitionarrangements

Sincetheonsetofthecrisis,bankshavealreadyundertakensubstantialeffortstoraisetheircapitallevels.However,preliminaryresultsoftheCommittee'

scomprehensivequantitativeimpactstudyshowthatasoftheendof2009,largebankswillneed,intheaggregate,asignificantamountofadditionalcapitaltomeetthesenewrequirements.Smallerbanks,whichareparticularlyimportantforlendingtotheSMEsector,forthemostpartalreadymeetthesehigherstandards.

TheGovernorsandHeadsofSupervisionalsoagreedontransitionalarrangementsforimplementingthenewstandards.Thesewillhelpensurethatthebankingsectorcanmeetthehighercapitalstandardsthroughreasonableearningsretentionandcapitalraising,whilestillsupportinglendingtotheeconomy.Thetransitionalarrangements,whicharesummarisedinAnnex2,include:

Nationalimplementationbymembercountrieswillbeginon1January2013.Membercountriesmusttranslatetherulesintonationallawsandregulationsbeforethisdate.Asof1January2013,bankswillberequiredtomeetthefollowingnewminimumrequirementsinrelationtorisk-weightedassets（RWAs）:

3.5%commonequity/RWAs;

4.5%Tier1capital/RWAs,and

8.0%totalcapital/RWAs.

TheminimumcommonequityandTier1requirementswillbephasedinbetween1January2013and1January2015.On1Janu