Yale SOM Home
  1. Program on Financial Stability
  2. News in Systemic Risk: Tuesday, January 3, 2017 (10 a.m. ET)

News in Systemic Risk: Tuesday, January 3, 2017 (10 a.m. ET)

January 3, 2017

Basel III Finalization

Basel postpones bank reform vote amid policy differences - Global financial supervisors fail to agree on latest capital rules (Financial Times)

BIS Press Release:  Finalising Basel III reforms

Why the leverage ratio rule distorts market-making – Darrell Duffie argues that the rule hurts market efficiency for very safe assets (Risk.net)

BIS Working Paper:  Asymmetric information and the securitization of SME loans