Advertisement

Basel III — Auswirkungen auf Banken und Finanzsystem

  • Thomas Hartmann-Wendels
Banking Regulation
  • 613 Downloads

Zusammenfassung

Ab 2014 treten die als Basel III bezeichneten Regeln als zentrales ?ement einer EUweit einheitlichen bankenregulierung in Kraft. banken müssen sich künftig mit mehr und qualitativ hochwertigerem eigenkapital finanzieren. Weitere bestandteile sind eine risikoinsensitive Höchstverschuldungsquote, höhere Kapitalanforderungen für bestimmte Risikopositionen und einheitliche Liquiditätsvorschriften. Diese beinhalten eine Mindestliquiditätsquote, deren ?nhaltung die Zahlungsfähigkeit in einer Stresssituation sicherstellen soll, und eine strukturelle Liquiditätsquote, die die Fristentransformation einschränkt. Der beitrag gibt einen Überblick über die bestimmungen von basel III und deren umsetzung durch das so genannte CRD IV-Paket. Darüber hinaus werden die Auswirkungen auf die kreditvergabe der banken und die Stabilität der Finanzmärkte diskutiert.

Schlüsselwörter

Finanzkrise Finanzmarktstabilität Kreditangebot 

Abstract

The Basel III regulatory framework will become effective within the EU in 2014. Banks must improve the quantity and quality of own funds, a supplementary non-risk based capital ratio will be introduced to restrict leverage in the banking system, higher risk weights apply for counterparty credit risk and banks are subject to harmonized liquidity requirements. A liquidity coverage ratio aims to promote the short-term resilience of the liquidity risk profile of banks, whereas a net stable funding ratio limits over-reliance on short-term wholesale funding. This paper surveys the Basel III regulatory framework and its implementation via the CRD IV package. Implications for the supply of loans, credit costs, and financial market stability are discussed.

JEL Classification

G01 G21 G28 

Keywords

Banking regulation Financial Crisis Financial Market Stability Supply of Loans 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Literatur

  1. Admati, Anat R. DeMarzo, Peter M. Hellwig, Martin F. Pfleiderer, Paul (2011), Fallacies, Irrelevant Facts and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive, Working Paper, March 2011.Google Scholar
  2. Allen, Franklin Carletti, Elena (2008), Mark-to-Market Accounting and Liquidity Pricing, in: Journal of Accounting and Economics, Vol. 45, S. 358–378.CrossRefGoogle Scholar
  3. Basel Committee on Banking Supervision (BCBS) (2009a), Revisions to the Basel II Market Risk Framework, Basel (updated as of December 2010).Google Scholar
  4. Basel Committee on Banking Supervision (BCBS) (2009b), Enhancements to the Basel II Framework, Basel.Google Scholar
  5. Basel Committee on Banking Supervision (BCBS) (2010a), Basel III: A Global Regulatory Framework for more Resilient Banks and Banking Systems, Basel (revised version June 2011).Google Scholar
  6. Basel Committee on Banking Supervision (BCBS) (2010b), Basel III: International Framework for Liquidity Risk Measurement, Standards and Monitoring, Basel.Google Scholar
  7. Basel Committee on Banking Supervision (BCBS) (2010c), An Assessment of the Long-Term Economic Impact of Stronger Capital and Liquidity Requirements, Basel.Google Scholar
  8. Basel Committee on Banking Supervision (BCBS) (2012a), Fundamental Review of the Trading Book, Basel.Google Scholar
  9. Basel Committee on Banking Supervision (BCBS) (2012b), Results of the Basel III Monitoring Exercise as of 31 December 2011, Basel.Google Scholar
  10. Basel Committee on Banking Supervision (BCBS) (2013a), Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools, Basel.Google Scholar
  11. Basel Committee on Banking Supervision (BCBS) (2013b), Results of the Basel III Monitoring Exercise as of 30 June 2012, Basel.Google Scholar
  12. Basel Committee on Banking Supervision (BCBS) (2013c), The regulatory framework: balancing risk sensitivity, simplicity and comparability, Basel.Google Scholar
  13. Basel Committee on Banking Supervision (BCBS) (2013d), Revised Basel III leverage ratio framework and disclosure requirements, Basel.Google Scholar
  14. Blum, Jürg (1999), Do Capital Adequacy Requirements Reduce Risks in Banking?, in: Journal of Banking and Finance, Vol. 23, S. 755–771.CrossRefGoogle Scholar
  15. Calomiris, Charles W. Kahn, Charles M. (1991), The Role of Demandable Debt in Structuring Optimal Banking Arrangements, in: American Economic Review, Vol. 81, S. 497–513.Google Scholar
  16. Centre for the Study of Financial Innovation (CSFI) (2012), Banking Banana Skins; The System in Peril.Google Scholar
  17. Council of the European Union (EU) (2013a), Regulation of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms, Brussels.Google Scholar
  18. Council of the European Union (EU) (2013b), Directive of the European Parliament and of the Council on the access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms and amending Directive 200287EC of the European Parliament and of the Council on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate, Brussels.Google Scholar
  19. Cosimano, Thomas F. Hakura, Dalia S. (2011), Bank Behavior in Response to Basel III: A Cross-Country Analysis, IMF Working Paper 11119, May 2011.Google Scholar
  20. Deutsche Bundesbank (2012), Ergebnisse des Basel III-Monitoring für deutsche Institute, Stichtag 31. Dezember 2011, Frankfurt.Google Scholar
  21. Deutsche Bundesbank (2013a), Ergebnisse des Basel III-Monitoring für deutsche Institute, Stichtag 30. Juni 2012, Frankfurt.Google Scholar
  22. Deutsche Bundesbank (2013b), Die Umsetzung von Basel III in europäisches und nationales Recht, in: Monatsberichte der Deutschen Bundesbank, Juni 2013, Frankfurt, S. 57-73.Google Scholar
  23. Diamond, Douglas W. Rajan, Raghuram G. (2001), A Theory of Bank Capital, in: Journal of Finance, Vol. 55, S. 2431–2465.CrossRefGoogle Scholar
  24. Erlebach, Jörg Grasshoff, Gerold Berg, Tobias (2010), Die Effekte von Basel III, in: Die Bank, Heft 10, S. 54–58.Google Scholar
  25. European Banking Authority (EBA) (2013), Results of the Basel III monitoring exercise as of 30 June 2012, London.Google Scholar
  26. Hakenes, Hendrik Schnabel, Isabel (2012), Regulatory Capture by Sophistication, mimeo.Google Scholar
  27. Heidorn, Thomas Schmaltz, Christian Schröter, Dirk (2011a), Auswirkungen der neuen Basel-III-Kennzahlen auf die Liquiditätssteuerung: Liquidity Coverage Ratio, in: Zeitschrift für das gesamte Kreditwesen, 64. Jg., S. 397–402.Google Scholar
  28. Heidorn, Thomas Schmaltz, Christian Schröter, Dirk (2011b), Auswirkungen der neuen Basel-III-Kennzahlen auf die Liquiditätssteuerung: Net Stable Funding Ratio, online verfügbar unter: http://www.ўw.kreditwesen.dezeitschrif-tenzeitschrift-fur-das-gesamte-kreditwesen201108.Google Scholar
  29. Hellwig, Martin (2010), Capital Regulation after the Crisis: Business as Usual? Preprints of the Max Planck Institute for Research on Collective Goods, Bonn.Google Scholar
  30. Institute of International Finance (2011), The Cumulative Impact on the Global Economy of Changes in the Financial Regulatory Framework, Washington September 2011.Google Scholar
  31. Kaserer, Christoph (2011), Solvency II und Basel II — Die Reform der europäischen Versicherungs- und Bankenregulierung und deren Auswirkungen auf die Unternehmensfinanzierung, München.Google Scholar
  32. Kashyap, AntilK. Stein, Jeremy C. Hanson, Samuel (2010), An Analysis of the Impact of “Substantially Heightened” Capital Requirements on Large Financial Institutions, Working Paper, May 2010.Google Scholar
  33. KPMG (2011), Basel III: Handlungsdruck baut sich auf: Implikationen für Finanzinstitute.Google Scholar
  34. Laux, Christian Leuz, Christian (2009), The Crisis of Fair-Value Accounting: Making sense of the recent debate, in: Accounting, Organizations and Society, Vol. 34, S. 826–834.CrossRefGoogle Scholar
  35. Loeper, Erich (2011), Basel III und weitere Regulierungsvorhaben des Baseler Ausschusses, in: Zeitschrift für das gesamte Kreditwesen, 64. Jg., S. 550–553.Google Scholar
  36. Macroeconomic Assessment Group (MAG) (2010a), Assessing the Macroeconomic Impact of the Transition to Stronger Capital and Liquidity Requirements, Interim Report, August 2010, Basel.Google Scholar
  37. Macroeconomic Assessment Group (MAG) (2010b), Assessing the Macroeconomic Impact of the Transition to Stronger Capital and Liquidity Requirements, Final Report, December 2010, Basel.Google Scholar
  38. Merton, Robert C. (1974), On the Pricing of Corporate Debt: The Risk Structure of Interest Rates, in: Journal of Finance, Vol. 29, S. 449–470.Google Scholar
  39. Miles, David Yang, Jing Marcheggiano, Gilberto (2011), Optimal Bank Capital, Bank of England, External MPC Unit, Discussion Paper No. 31, April 2011.Google Scholar
  40. Rudolph, Bernd (2010), Die neuen Regulierungen für die Bank- und Finanzmärkte: Sachgerecht oder kontraproduktiv für das Stabilitätsziel?, in: ifo Schnelldienst, 63. Jg., Heft 3, S. 3–10.Google Scholar

Copyright information

© Schmalenbach-Gesellschaft.eV. 2013

Authors and Affiliations

  • Thomas Hartmann-Wendels
    • 1
  1. 1.Instituts für Bankwirtschaft und BankrechtUniversität zu KölnKölnDeutschland

Personalised recommendations