普華永道implicationson-文庫(kù)吧資料
2025-01-10 01:11本頁(yè)面
【正文】 anks (cont’d) Market share / position of business ? Advanced approach allows leveraging petitive intelligence (risk differentiation, customer selection, etc.) ? Standardized approach pounds disadvantages (. rated vs. unrated) ? Possible change in business mix Reputation (ratings and analysts) ? Setting industry benchmarks for systems and processes ? Uncertain implications on ratings, but cannot be ignored Acquisition ? Market confidence in better integration through better risk management ? Pricing advantage due to potential capital release PricewaterhouseCoopers Strategic Implications – Banks (cont’d) Market acceptance ? Negative differences from petitors will be evident ? Key differentiators will be reporting capability and positioning ? Need to anticipate adverse reactions from market ? Develop clear Basel strategy and programme for execution ? Placate regulators and rating agency concerns ? Manage expectations PricewaterhouseCoopers Strategic Implications – Summary ? Alignment of regulatory and economic capital – Reduced need for capital – Regulatory capital arbitrage Value creation Investment decision making Risk and return Integrated risk management 1020% reduction Reliance on wholesale sources Costtoine ratio? Changing? Credit rating ? Funding expense – New sources and reduced interbank funding – Tiering: discount by level of approach ? Expenses – Validation, staffing, systems, process, reporting ? Market share / position – Cherrypicking, adverse customer selection ? Reputation – Compliance and reporting impacts on ratings agency and analyst views Discount Share price volatility ? Acquisitions – Inmarket purchases ? Market acceptance – Communication of strategy – Managing expectations PricewaterhouseCoopers Effect on other market participants ?Customers ? Rating (or lack of) impacting terms ? Increased transparency ? Focus on quality collateralization ? Providing information ?Rating Agencies ? Increased need for rating ? Reduced market share if banks opt for IRB approach ? Potentially increased petition ? Greater transparency of rating process ?Capital Markets ? Securitization ? Growth of debt market ?Scoped out Financial Institutions ? Consider the extent plying with Basel II PricewaterhouseCoopers Strategic Implications – What about Pillar II? ? Pillar II requirements remain unclear ? Level of capital allocation modell
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