Discover and read the best of Twitter Threads about #Basel3
Most recents (6)
In all other circumstances/instruments you'd be pointing at this as a possible monumental breakout with as much as c$2.5k in sight
This week's wickless +6.5% candle (=no sellers ...) is unprecedented in Gold's modern history
Everything above $1.9k is constructive
#Gold #Basel3
This week's wickless +6.5% candle (=no sellers ...) is unprecedented in Gold's modern history
Everything above $1.9k is constructive
#Gold #Basel3
A tentative start then and easy to "expect" #Gold to fall to pieces from here but I'm not so sure it's that easy to break down from here ...
It's never managed to be this high and stay above $1,895 the following week so, again, everything above c$1.9k is constructive to my eye.
It's never managed to be this high and stay above $1,895 the following week so, again, everything above c$1.9k is constructive to my eye.
Just finished reading the new piece by #ZoltanPozsar "Oil, Gold, and LCLo(SP)R...Fascinating read (as always), here are some highlights:
"The SPR is like the o/n RRP facility. It can be tapped when oil levels are tight. But the SPR is finite, and recent releases have brough reserves down to levels
we haven’t been at since the 1980s. The 400 million barrels left in it isn’t much:
we haven’t been at since the 1980s. The 400 million barrels left in it isn’t much:
it could help police prices for a year if we released 1 million barrels per day (mbpd), half a year if we released 2 mbpd, and about four months if we released 3 mbpd."
[📊Report] The 60 largest banks are exposed to $1.35tn in fossil fuel assets whose value will drop in the transition to #netzero.
If we treated them as 'higher risk' under #Basel3, the banks' capital increase would take 3-5 months of retained profits without reducing lending
1/9
If we treated them as 'higher risk' under #Basel3, the banks' capital increase would take 3-5 months of retained profits without reducing lending
1/9
Using the annual reports of 60 of the world biggest banks, we have estimated their exposures to fossil fuel assets - indisputably #StrandedAssets. We found levels similar to the 2008 banks exposures to #subprime mortgages. The threat of a #fossilsubprimes crisis is a reality
2/9
2/9
Until bank capital rules reflect it, this risk will increasingly threaten financial stability, leaving taxpayers exposed to shouldering new bailouts. Fossil fuel assets should be treated as “higher risk” and assigned a risk weight of 150% in line with the #BaselFramework.
3/9
3/9
💪 A resilient banking sector for a stronger economy.
Implementing the #Basel3 agreement will make the EU financial sector more stable while taking also into account important new developments, like #SustainableFinanceEU.
🙌 Today, we adopted a review of EU banking rules.
Implementing the #Basel3 agreement will make the EU financial sector more stable while taking also into account important new developments, like #SustainableFinanceEU.
🙌 Today, we adopted a review of EU banking rules.
#Basel3 Implementation: Strengthening the resilience of the banking sector across the EU means a more secure economic and financial system.
📑Our new legislative proposals ensure an alignment of the EU rules on capital requirements with international standards.
📑Our new legislative proposals ensure an alignment of the EU rules on capital requirements with international standards.
#COVID19 is a reminder of the importance of having a resilient banking system. The adoption of the #Basel3 framework will help banks continue standing strong in future crises. #SafeSavings
Zoltan Türkiye şubesi övünçle sunar 😏
Pozsar 3. kez Odd Lots sohbetine katıldı. Bu sefer yanında likidite tabanlı Money View görüşünün savunucusu finansçı prof. @PMehrling de var. Onun blog linkini bırakıp... sites.bu.edu/perry/blog/cur…
...Pozsar aganın satır başlarını verelim ⤵️
Pozsar 3. kez Odd Lots sohbetine katıldı. Bu sefer yanında likidite tabanlı Money View görüşünün savunucusu finansçı prof. @PMehrling de var. Onun blog linkini bırakıp... sites.bu.edu/perry/blog/cur…
...Pozsar aganın satır başlarını verelim ⤵️
1. Japon bankalarıyla görüştüm. $ konusunda yorumlar ortaya karışık. Vezir olan da var rezil olan da...
2. Lojistik zincirinin ters çevrilmiş hali, bir "ödeme zinciri"dir ve doların yaratacağı sorunları o sırada takip etmemiz gerektiğini yazmıştım. (bkz GMN 27, "deficit agents")
2. Lojistik zincirinin ters çevrilmiş hali, bir "ödeme zinciri"dir ve doların yaratacağı sorunları o sırada takip etmemiz gerektiğini yazmıştım. (bkz GMN 27, "deficit agents")
3. Önceki krizlerden en büyük fark: Kahraman FED ilk defa doları yetim bırakmadı ve dünyaya etkileyici bir
hızla arz sundu (swap hatları).
4. Büyük döviz rezervi olan ülkelerden bahsediyoruz (Norveç gibi) ama bunlar ATM'de bekleyen nakitler değil;
hızla arz sundu (swap hatları).
4. Büyük döviz rezervi olan ülkelerden bahsediyoruz (Norveç gibi) ama bunlar ATM'de bekleyen nakitler değil;
Our financial stability discussants on #BankingUnion, the #CMU & systemic impacts of #Fintech are B. Martenczuk (@EBFeu), D. Laboureix (@EU_SRB), M. Hellwig (@maxplanckpress), F. Demarigny (Next CMU HLEG) and C. Stiefmüller (@forfinancewatch) #FWconference2019
@EBFeu @EU_SRB @maxplanckpress @MacroPru "If we think about capital requirements in #Basel3, big banks are back where they were in the late 90s and still using internal models for risk weighting etc. which leaves banks very vulnerable" Martin Hellwig in its #FWconference2019 keynote
@EBFeu @EU_SRB @maxplanckpress @MacroPru @WEED_eV @TI_EU @TNInstitute @SOMO @Suedwind_eV @monnetaorg @PositiveMoneyUK @NEF @UNI_Europa @etuc_ces "The @EU_SRB is about getting banks ready to withstand a resolution - it means loss absorption capacity but it also means organising banks business in a way that is resolvable" Dominique Laboureix at #FWconference2019
