Broadly, Basel 2 banks are likely to have lower minimum capital requirements than Basel 1 banks.
In America, only a few big banks will be required to switch to Basel 2.
There are banks smaller than us and not in Basel 2 that are complex.
The new rules, known as Basel 2.5, will make many of their trading businesses unprofitable.
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Every bank in the European Union, down to the last Sparkasse, will have to comply with Basel 2.
Most banks that will have to implement Basel 2 seem content with it, or at least resigned to it.
More generally, it is possible that having two sets of capital-adequacy rules will distort competition between Basel 1 and Basel 2 banks.
Though their overall leverage ratios are high, their risk-adjusted capital ratios under the Basel 2 rules are stronger than those of most commercial banks.
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Small banks, and the politicians who speak for them in Congress, take the opposite view: that Basel 2 will benefit big banks at their expense.
However, working out the precise effects of Basel 2 is difficult.
Fourth, financial markets might frown on a bank that reduced its capital ratio, so even if Basel 2 relaxes its capital constraints, the market might not.
It is quite hard to be precise, because none of the banks report their current capital position on the transitional Basel 2.5 basis (ie the rules for measuring balance-sheet strength that will apply in 2015).
The Mittelstand's trade association complains that even the friendliest savings banks are tightening their purse strings as a result of the Basel 2 accords on bank capital, which compel them to hold extra reserves against loans to small firms.
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Since the new Europe-wide rule to strengthen banks is that they must - by the middle of 2012 - have a minimum of 9% capital on a Basel 2.5 basis relative to their risk-weighted assets, after allowing for the fall in the price of their holdings of the debts of over-indebted eurozone countries, by definition it is the banks in those over-indebted eurozone countries that emerge as weakest.
The result left Roma in third place on four points, while Swiss side Basel went top on six following a 2-0 victory away to CSKA Sofia.
The annual carnival of art and money that is Art Basel Miami Beach (playing out across the city Dec. 2-5) is just the high point of a cultural scene that's remaking the peninsula yet again.
As well as increasing the capital banks hold to act as a buffer against future losses from 2% to 7%, Professor Cecchetti said Basel III had made the definition of what constitutes as capital stricter and widened the remit of what counts as banking activity.
Thousands of art enthusiasts will flock to Miami from 2 to 5 December during the ninth run of Art Basel Miami Beach (the sister event of the 41-year-old Art Basel fair which takes place in Switzerland every June).
Basel III additional capital buffers are: a mandatory capital conservation buffer of 2.5% and a discretionary counter-cyclical buffer.
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In the Europa League, Chelsea will face Switzerland's Basel, while Turkish side Fenerbahce face Portugal's Benfica on April 25 and May 2 for the right to contest the final in Amsterdam on May 15.
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As part of the package of new standards, banks will be required to increase their minimum common equity requirement from 2% to 4.5%, and will additionally have to hold a capital conservation buffer of 2.5%, "to withstand future periods of stress, " the Basel Committee said in a press release.
Roman Pavlyuchenko scored in the first half and Andrei Arshavin, coming off a two-match suspension, made it 2-0 right after the break to set up a match against the Netherlands on Saturday in Basel.
At Switzerland's Art Basel, the leading international contemporary and modern art fair, more than 300 galleries from 36 countries are showing around 2, 500 artists until Sunday.
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