International Regulation of Banking Capital and Risk Requirements

Description

New edition of the leading work on capital and risk requirements Clear and analytical presentation of regulatory and structural concepts designed for non-statisticians Sets out the requirements of Basel III in full to assist banks with preparation for compliance Explains the impact of complex risk calculations, details of securitization, hedging and netting regulatory requirements Written by the leading expert in financial regulation law, Simon Gleeson New to this edition Content updated to include proposals under Basel III Clearly differentiates Basel III requirements from Basel II rules Financial capital regulation drives almost every aspect of the financial markets, from the structures of financial groups and the way they raise capital to the development of investment structures and financial engineering such as derivatives, securitisations, structured finance, credit derivatives, repos and stock lending. This new edition of the leading guide on the structure of bank financial regulation is invaluable for lawyers and other non-statisticians interested in the regulatory drivers which shape modern financial transactions and techniques. The legal and regulatory principles which underlie the regulations are articulated here in a structured and accessible format without formulae. The first edition of International Regulation of Banking based on Basel II has now been updated in this second edition to take Basel III into account. There is clear sign-posting on what is current and what will be implemented after 2013 for Basel III, and explanation of the new liquidity and leverage requirements which Basel III will impose on banks. The Basel III proposals provide rules for short and long-term liquidity, cleared derivatives, and revised rules for trading book, and securitisation and risk retention. Although not yet enacted in national law, banks and their legal advisors need to be preparing for compliance under the forthcoming requirements. This book assists with that process by analysing the impact of complex risk calculations, and explaining the principles of regulatory capital. Readership: Lawyers and other professional advisors to banks who need to understand concepts behind regulatory capital, regulators who require conceptual rather than mathematical presentation of concepts, as well as banks and investment banks. Simon Gleeson, Partner, Clifford Chance Simon joined Clifford Chance in 2007 as a Partner in the firm's International Financial Markets group. He specialises in financial markets law and regulation, clearing, settlement and derivatives. Simon's experience includes advising Governments, regulators and public bodies as well as banks, investment firms, fund managers and other financial institutions on a wide range of regulatory issues.