BANK FOR INTERNATIONAL SETTLEMENTS

The Bank for International Settlements (BIS), based in Basel Switzerland, is somewhat of a clearinghouse for the World’s Central Banks. Although little-known outside the Banking Community, it acts as a focus on important financial issues, most importantly is Bank Equity Capital. It does not have any legal power; however, it can act as a safeguard (or, perhaps, referee) when one country doesn’t wish to properly rein-in it’s banks. It’s Basel III Policy, which hasn’t been settled yet, is intended to set updated Bank Equity Standards–especially for those international banks that might be considered Too Big to Fail. Basel III truly needs more teeth.

There is an interesting article, Bankers Call for Wider Measures to Stem Crisis, by Jack Ewing, in today’s NY Times. Basically, it points to the frustration of many Central Bankers Around-the-World, in dealing with the EuroZone Debt Crisis. Basically, it says that other bankers feel that the Europeans need to solve this crisis.

http://www.nytimes.com/2012/06/25/business/global/25iht-banks25.html?ref=business

Advertisements

, ,

  1. Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: