1501393 funds-transfer-pricing-in-banks---implications-of-basel-iii
Understanding the implications of - afma.com.au · » 3 pillars of Basel III ... Implications for...
Transcript of Understanding the implications of - afma.com.au · » 3 pillars of Basel III ... Implications for...
The Basel Committee on Banking Supervision has now released a raft of new guidance
known as ‘Basel III’ — but what is it? How is it being locally interpreted by APRA?
There’s no question its ramifications are tremendous — banks will undergo real structural change in their banking
books and traded activities. Products will change in the former and some markets may disappear altogether in the
latter.
ABouT THIS CouRSe
Presented by one of AFMA’s most popular presenters, this practical, one-day new course will analyse the implications of
Basel III and work with you to understand its likely impact on your firm — whether domestically or overseas.
Compare how your firm is approaching this important reform with your peers, discuss your concerns and ask questions to
build your understanding.
WHAT you’ll leARn
» Identify the core objectives of Basel III reform and what it plans to improve
» Discuss the key initiatives contained in Basel III
» Describe its high-level impacts on your firm, its risk management practices and that of your counterparties
» Consider the likely changes in your market and work practices
lengTH
9.00am – 5.00pm
Understanding the implications of Basel III for Australian financial markets
www.afma.com.au
evolution of the Basel Accord due to 2007-9 banking crisis
» What bought it on – failure of Basel II?
» Review of Basel I and Basel II
» Basel II and the banking crisis
» Problems with Basel II
» In defense of Basel II
» 3 pillars of Basel III
» Basel III rules
» APRA interpretations – phasing periods
» Phase-in period
What is meant by principles-based supervision?
» ICAAP under Basel III
Changes in the composition of capital
» Increase quality of capital
» Changes in Tier 1 and Tier 2
» APRA requirements
Challenges to capital management
» Increase quantity of capital
» Potential reduction of pro-cyclicality
» Counter cyclical capital buffer
» Introduction of the leverage ratio (domestic)
Risk weighting of assets
» Sovereign risk
» Impact on risk management
Market risk
» Revisiting traded market risk – calculation of sensitivities
» OTC derivatives changes
» Revisiting non-traded (interest rate) market risk
» Re-securitisation exposure
Revisiting funding liquidity risk
» High quality liquid assets/minimum liquid holdings
» Maturity profiles:
» Short-term liquidity cover ratio (LCR)
» Longer-term net stable funding ratio (NSFR)
Revisiting credit risk
» New rules for assessing counterparty credit risk
» External credit ratings
» Centralised counterparties
Revisiting operational risk
» What is missing?
g-20 – Systemically Important Financial Institutions
» Why and what does it mean?
Implications for risk management
Basel III – will it work?
ABOuT yOuR FACILITATOR
Susan Campbell, Consultant, Argyll Financial & Treasury
Consultants
Susan Campbell has worked for many years in the finance industry
with major banks in Melbourne and London as a treasury advisor to
Australian and international firms. Susan subsequently became the
Treasurer for Sussan Corporation, a large Australian property and
retail group.
For the last 20 years, Susan has run a successful consulting
business, ARGyLL, specialising in treasury operations, transactional
banking, risk management and internal controls. Susan also consults
on finance and treasury policy to various professional bodies in
Australia. Susan is also a non-executive director of Heritage Bank
and head of its Risk Committee. Heritage is Australia’s largest
member-owned bank, giving Susan direct experience and insight
into the role of good risk management in surviving major financial
stresses.
COuRSE OuTLINE
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CONTINuING EDuCATION
6.5 CE hours
Understanding the implications of Basel III for Australian financial markets
All enquiries and applications should
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Understanding the implications of Basel III for Australian financial markets