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:
Online Access:Click for online access

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100 1 |a Elliott, Douglas J.,  |d 1959-  |1 https://id.oclc.org/worldcat/entity/E39PCjHv3WjPwWhdgKTVbRJtw3 
245 1 0 |a Assessing the cost of financial regulation /  |c prepared by Douglas Elliott, Suzanne Salloy, and André Oliveira Santos. 
260 |a Washington, D.C. :  |b International Monetary Fund, Monetary and Capital Markets Dept.,  |c 2012. 
300 |a 1 online resource (81 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/12/233 
500 |a "September 2012." 
520 |a "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. 
504 |a Includes bibliographical references. 
505 0 |a Cover; Contents; Executive Summary; Introduction; I. Literature Review; II. Qualitative Assessments of the Cost Impact of Regulatory Changes; Tables; 1. Basel III Impact on Credit and GDP Growth; 2. Major Regulatory Initiatives; 3. Impact of Major Regulatory Initiatives on U.S. Financial Institutions; III. Quantitative Analysis of Stand-Alone Reforms; A. Choice of Baseline Scenario; B. Translating Cost Changes to Credit Impacts; C. Estimating Changes to Lending rates; D. Capital Requirements; 4. Pro-forma Basel III Common Equity Tier 1 Capital Ratios by Region, End-2010; Figures. 
505 8 |a 1. Effect of Basel III Changes on Common Equity Tier 1 Capital Ratios5. Planned Mitigating Actions by U.S., European, and Japanese Banks; 6. Pro-forma Basel III Common Equity Tier 1 Capital Ratios by Bank Business; 2. Effect of Basel 2.5 and III on Common Equity Tier Capital Ratios; 7. Effects of Higher Capital Levels on Lending Rates; E. Liquidity Requirements; 8. Pro-forma Basel III Liquidity Ratios, End-2010; 9. Estimated Effects of Liquidity Changes on Lending Rates; F. Derivatives Requirements; 10. Effects of Derivatives Reforms on Banks per Year; G. Securitization Requirements. 
505 8 |a 11. Estimated Effects of Derivatives Changes on Lending RatesH. Taxes and Fees; I. Integrated Effects on Credit Provision; 12. Annual Fees and Taxes on European and U.S. Banks; 13. Estimated Effects of Tax and Fee Changes on Lending Rates; 14. Cumulative Impact of Regulatory Reforms on Lending rates; 3. Effects of Changes in Key Parameter Assumptions on Lending Rates; IV. Uncertainties and Areas for Further Research; V. Conclusion; Appendix I. Supplementary Tables; Appendixes; I. Supplementary Tables; 16. European, Japanese, and U.S. Banks in the Sample. 
505 8 |a 17. Planned De-Risking Measures, End-2010Appendix II. Assumptions for the Credit Pricing Equation; II. Assumptions for the Credit Pricing Equation; References. 
650 0 |a Bank capital  |x Law and legislation. 
650 0 |a Financial institutions  |x Law and legislation. 
650 0 |a Bank loans. 
650 0 |a Cost effectiveness. 
650 7 |a cost benefit analysis.  |2 aat 
650 7 |a BUSINESS & ECONOMICS  |x Foreign Exchange.  |2 bisacsh 
650 7 |a Bank capital  |x Law and legislation  |2 fast 
650 7 |a Bank loans  |2 fast 
650 7 |a Cost effectiveness  |2 fast 
650 7 |a Financial institutions  |x Law and legislation  |2 fast 
700 1 |a Salloy, Suzanne. 
700 1 |a Santos, André Oliveira. 
710 2 |a International Monetary Fund.  |b Monetary and Capital Markets Department. 
758 |i has work:  |a Assessing the cost of financial regulation (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCFvfk3q8rT7MbHdGpKrwYd  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Erscheint auch als:  |n Druck-Ausgabe  |t Assessing the cost of financial regulation 
830 0 |a IMF working paper ;  |v WP/12/233. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1607005  |y Click for online access 
903 |a EBC-AC 
994 |a 92  |b HCD