Assessing the cost of financial regulation

Assessing the cost of financial regulation / prepared by Douglas Elliott, Suzanne Salloy, and André Oliveira Santos.

"This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates i...

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Bibliographic Details
Main Author: Elliott, Douglas J., 1959-
Corporate Author: International Monetary Fund. Monetary and Capital Markets Department
Other Authors: Salloy, Suzanne, Santos, André Oliveira
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, Monetary and Capital Markets Dept., 2012.
Series:IMF working paper ; WP/12/233.
Subjects:
Bank capital > Law and legislation.
Financial institutions > Law and legislation.
Bank loans.
Cost effectiveness.
cost benefit analysis.
BUSINESS & ECONOMICS > Foreign Exchange.
Bank capital > Law and legislation
Bank loans
Cost effectiveness
Financial institutions > Law and legislation
Online Access:Click for online access
Description
Summary:"This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in the base case would rise by 18 bps in Europe, 8 bps in Japan, and 28 bps in the United States. These results are similar to the official BIS assessments of Basel III and an OECD analysis, but lower as a result of including expense cuts and reductions in the returns required by investors. As a result, they are markedly lower than those of the Institute of International Finance (IIF)."--Abstract.
Item Description:"September 2012."
Physical Description:1 online resource (81 pages)
Bibliography:Includes bibliographical references.
ISBN:9781475511970
1475511973
9781475511994
147551199X

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