Asian Development Bank
Good Practices for Developing a Local Currency Bond Market : Lessons from the ASEAN+3 Asian Bond Markets Initiative
$33.63
Asian Development Bank
Promoting Green Local Currency Bonds for Infrastructure Development in ASEAN+3
Product Code:
9789292611125
ISBN13:
9789292611125
Condition:
New
$29.08
This paper compares the current regulatory capital requirements under the Dodd-Frank Act (DFA) and the 10-percent leverage ratio, as proposed by the U.S. Treasury and the U.S. House of Representatives' Financial CHOICE Act (FCA). The authors find that the majority of U.S. banks would not qualify for an off-ramp"option - where regulatory relief is offered to FCA qualifying banks (QBOs) - unless considerable amounts of capital are added, and that large banks are much closer to the proposed leverage threshold and, therefore, are more likely to stand to gain from regulatory relief. The paper identifies an important moral hazard problem that arises due to the QBO optionality, where banks are likely to increase the riskiness of their asset portfolio and qualify for the FCA "off-ramp" relief with unintended effects on financial stability."--Abstract.
| Author: Asian Development Bank |
| Publisher: Asian Development Bank |
| Publication Date: Apr 30, 2018 |
| Number of Pages: 154 pages |
| Language: English |
| Binding: Paperback |
| ISBN-10: 9292611127 |
| ISBN-13: 9789292611125 |
Promoting Green Local Currency Bonds for Infrastructure Development in ASEAN+3
$29.08
This paper compares the current regulatory capital requirements under the Dodd-Frank Act (DFA) and the 10-percent leverage ratio, as proposed by the U.S. Treasury and the U.S. House of Representatives' Financial CHOICE Act (FCA). The authors find that the majority of U.S. banks would not qualify for an off-ramp"option - where regulatory relief is offered to FCA qualifying banks (QBOs) - unless considerable amounts of capital are added, and that large banks are much closer to the proposed leverage threshold and, therefore, are more likely to stand to gain from regulatory relief. The paper identifies an important moral hazard problem that arises due to the QBO optionality, where banks are likely to increase the riskiness of their asset portfolio and qualify for the FCA "off-ramp" relief with unintended effects on financial stability."--Abstract.
| Author: Asian Development Bank |
| Publisher: Asian Development Bank |
| Publication Date: Apr 30, 2018 |
| Number of Pages: 154 pages |
| Language: English |
| Binding: Paperback |
| ISBN-10: 9292611127 |
| ISBN-13: 9789292611125 |
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