Morrison & Foerster News Bulletin: The Minimum “Bail-in” Criteria for Regulatory Capital

Further to the 16 December 2010 publication of the final Basel III rules, as reported in our client alert "Basel III: The (Nearly) Full Picture," on 13 January 2011 the Basel Committee on Banking Supervision ("BCBS") announced the minimum requirements to ensure that all regulatory...

Defining Global Systemically Important Banks and Additional Loss Absorbency Requirements

On 19 July 2011, the Basel Committee on Banking Supervision ("BCBS") and the Financial Stability Board ("FSB") published two papers relating to entities regarded as globally systemic important financial institutions ("G-SIFIs"). The first paper prepared by the BCBS which...

Almost a Full Picture -- New Banking Regime Under Basel III

by Peter Green and Jeremy Jennings-Mares This commentary summarizes the Basel III rules. The rules are contained in two separate documents: (1) Basel III: A global regulatory framework for more resilient banks and banking systems and (2) Basel III: International framework for liquidity risk measurement...

The New Global Minimum Capital Standards Under Basel III

by Jeremy Jennings-Mares, Oliver Ireland and Anna Pinedo Excerpt: On September 12, 2010, the Group of Central Bank Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision ("BCBS"), issued a press release announcing a substantial strengthening...

Cadwalader Clients & Friends Memo: Contingent Convertible Bonds and the Impact of Basel III

In January 2011, the Basel Committee on Banking Supervision (the "Basel Committee") set out rules to supplement Basel III regulations on capital adequacy and liquidity. The Basel III reforms aim to improve the quality and level of capital within firms (further details of the Basel III reforms...

Recent Developments in Mortgage Servicing Rights

Excerpt: Recent changes to the regulatory treatment of mortgage servicing rights ("MSR"s) for financial institutions subject to Basel III, together with political and prosecutorial pressures, have resulted in a substantial increase in incentives for financial institutions to transfer their...

Ballard Spahr: Federal Reserve Extends Comment Period on Basel III Capital Rulemaking

by Keith R. Fisher The Federal Reserve has extended the comment period on its Basel III regulatory capital rulemaking from its original September 7 deadline until October 22, 2012. The rulemaking, which was the subject of a previous Ballard Spahr legal alert, actually comprises three separate rulemakings...

Morrison & Foerster - Regulatory Capital: January 1, 2013 Deadline Eased

This morning, the three federal bank regulatory agencies announced that their proposed new capital rules based on Basel III (and other Basel standards) would not take effect on January 1, 2013, a date previously proposed apparently in order to adhere to international consensus. The announcement was...

Loan Grading & Risk Scoring under Basel III - Interview w/ Rob Newberry

Can your financial institution survive the next economic downturn? The recent financial crisis demonstrated how unexpected economic downturns and rapid deterioration in market conditions can significantly harm a bank’s financial condition and economic viability. Additionally, our ever-changing...