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Looking ahead to Basel 3: Italian banks on the move

Author

Listed:
  • Francesco Cannata

    (Bank of Italy)

  • Marco Bevilacqua

    (Bank of Italy)

  • Simone Enrico Casellina

    (Bank of Italy)

  • Luca Serafini

    (Bank of Italy)

  • Gianluca Trevisan

    (Bank of Italy)

Abstract

In December 2010 the Basel Committee on Banking Supervision published a set of new regulations for banks in response to the financial crisis. This paper aims at evaluating the possible effects of the new framework on banks� available regulatory capital and risk-weighted assets and assessing their positioning with respect to future leverage and liquidity constraints. The evidence, based on the data collected from a representative sample of 13 Italian banking groups updated to 30 June 2012, show that capital and liquidity positions relatively to the Basel 3 targets have improved considerably over the last two years. Furthermore, compared to banks in other jurisdictions, Italian intermediaries are likely to be less affected by the reform, due to a business model more focused on credit intermediation. Importantly, the estimates cannot be interpreted as a forecast of capital and liquidity needs as they do not incorporate any assumption about future balance-sheet items or banks� reactions to the changing regulatory and economic environment.

Suggested Citation

  • Francesco Cannata & Marco Bevilacqua & Simone Enrico Casellina & Luca Serafini & Gianluca Trevisan, 2013. "Looking ahead to Basel 3: Italian banks on the move," Questioni di Economia e Finanza (Occasional Papers) 157, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_157_13
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2013-0157/QEF_157.pdf
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    References listed on IDEAS

    as
    1. Andre O Santos & Douglas Elliott, 2012. "Estimating the Costs of Financial Regulation," IMF Staff Discussion Notes 12/11, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Francesco Cannata & Giorgio D�Acunto & Alessandro Allegri & Marco Bevilacqua & Gateano Chionsini & Tiziana Lentini & Francesco Marino & Gianluca Trevisan, 2013. "Italian mutual banks and the challenge of Basel III," Questioni di Economia e Finanza (Occasional Papers) 158, Bank of Italy, Economic Research and International Relations Area.

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    More about this item

    Keywords

    Basel 3; QIS; impact assessment; bank; capital; liquidity;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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