Basel III - Pharaonic project

Article

Basel III

Unexpected consequences of a pharaonic project

At a time when new regulations are in the process of redefining the banking and financial landscapes, it is worth paying attention to the unexpected secondary effects of these new pharaonic projects.

Executive summary

  • The banks must now hold risk-free securities. This is creating demand for sovereign debt similar to that from
    insurance companies 
  • The real economy is turning to new players for financing. This is de facto creating a new asset class, loans, for institutional investors
  • Little affected by these regulatory changes, specialists asset managers have an important role to play by accompanying
    players impacted by these new measures
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Performance issue 14 – May 2014

Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients. 

Performance issue 14 - PDF file - size: 4.7mb
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