普華永道implicationson(參考版)
2025-01-07 01:11本頁面
【正文】 zs senior manager – Financial Services PricewaterhouseCoopers 。rp225。tz director – Operational Risk Services 193。 Implications on market participants Basel II PricewaterhouseCoopers Agenda ? Introduction ? Basel II and RBCD (CAD3) ? Strategic implications ? Pillar 2 Survey EU ? Pillar 2 Survey in Accession States ? Practical Implementation Issues PricewaterhouseCoopers Executive summary The Basel II is not just a regulatory imperative, but will fundamentally redefine the approach to risk and capital management. For EU member states, Basel II will be realised in the Risk Based Capital Directive (sometimes called CAD3). Implementation for all banks in EU is expected in 2021. The project time analysis shows that banks need to be finishing preparations at this time. PricewaterhouseCoopers Three pillars: ? Pillar 1 Minimum capital – Credit and operational risk ? Pillar 2 Supervisory review ? Pillar 3 Market discipline/disclosure Mutually reinforcing and interlinked. Basel II: the basics PricewaterhouseCoopers Basel II vs Risk Based Capital Directive (RBCD) ? Political: Basel?s Best Practice vs EU Law. ? Financial System: CAD 3 will apply to all banks in the EU and to investment firms authorised under the Investment Service Directive (ISD)*. ? Regulatory Oversight: Concerns about national regulator discretion and the integrity of the single market. ? Reduced Burden for Groups: Lead country supervision. ? Consolidation: Strict Approach to capital requirements at solo, subgroup and consolidated levels . ? Credit Risk: Permanent partial use of Foundation IRB – for smaller financial institutions. ? Operational Risk: There are fewer, different and apparently less demanding qualifying criteria for the Standardised Approach and the Advanced Measurement Approaches (AMA), than those specified by Basel. 14 PricewaterhouseCoopers Strategic Implications – Banks Capital savings ? Aiming to align to economic risk management ? Focus on ratings rather than on regulatory capital ? Substantial marginal cost savings Funding ? Focus is no longer on origin (”O(jiān)ECD”), but on rating ? Penalty for low rated bank investments Expenses ? Spend short to medium term – ine benefits in the longer term ? But: process efficiencies and integrated risk management to be achieved PricewaterhouseCoopers Strategic Implications – B
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