publication . Preprint . Article . 2014

Basel III D: Swiss Finish to Basel III

Christian McNamara; Natalia Tente; Andrew Metrick;
Open Access
  • Published: 01 Nov 2014
Abstract
After the Basel Committee on Banking Supervision (BCBS) introduced the Basel III framework in 2010, individual countries confronted the question of how best to implement the framework given their unique circumstances. Switzerland, with a banking industry that is both heavily concentrated and very large relative to the size of its overall economy, faced a special challenge. It ultimately adopted what is sometimes referred to as the “Swiss Finish” to Basel III – enhanced requirements applicable to Switzerland’s “too-big-to-fail” banks Credit Suisse and UBS that go beyond the base requirements established by the BCBS. Yet the prominent role played by relatively new...
Subjects
free text keywords: Systemic Risk, Financial Crises, Financial Regulation, jel:G01, jel:G28, Risk-weighted asset, Finance, business.industry, business, Risk-adjusted return on capital, Capital requirement, Systemic risk, Financial regulation, Operational risk, Basel III, Basel I, Accounting
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