______________________________________________________
Entry Submitted by DW in SC at 6:44 PM ET on March 30, 2023
CLARIFICATION – Regardless of what some “gurus” are saying, Basel III and Basel IV rules do not apply to nearly all medium size and virtually no small size banks within the USA. This means THESE BANKS WILL NOT BE CLOSED DOWN for non-compliance to Basel!
The standards established by the Basel accords are voluntary. The Basel Committee on Banking Supervision has no enforcement powers but relies on each participating nation’s regulators to implement them.
Basel III: Basel III standards are minimum requirements which apply to internationally active banks. Basel III was originally slated to begin in 2015, but the deadline was pushed back several times and started to roll out Jan. 1, 2023, although certain provisions are already in effect in some countries. Basel III: international regulatory framework for banks (bis.org)
Basel IV: Began implementation on Jan. 1, 2023, although its full adoption is expected to take until 2025 and the stages of implementation vary by country.
Chart of Globally Systemic Important Banks: Global systemically important banks: assessment methodology and the additional loss absorbency requirement (bis.org)
If your bank is NOT on this list – QUIT SWEATING ABOUT BASEL III or IV!
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
Advertisement
______________________________________________________
______________________________________________________
