"Basel Accord" is a topic that all financial practitioners cannot avoid in the future. Whether you are a bank practitioner or working in a government unit such as the China Banking and Insurance Regulatory Commission, becoming a professional official will

Some of the content is required to be studied and tested.

The Basel Accord, simply put, sets out a regulatory standard for banking institutions!

The issuing party is the Basel Committee composed of the central bank governors of the Group of 10 countries. The central bank governors of the Group of 10 countries including Britain, the United States, Japan, Germany, Italy, France, the Netherlands and Switzerland jointly made this decision, and its influence

Needless to say

On the surface, this is not a strong implementation standard, but with all major financial countries participating, unless you go to a place like Africa and open a small bank that is not in line with international business and only serves the local area.

, otherwise, you will never be able to escape the regulations formulated by the Basel Agreement!

only.

"Please, it's just this one thing, you. Goodman, you're a little obsessed! The specific standards haven't been released yet, but some regulatory directions have been mentioned. What I'm telling you is actually to say that in the future, I'll wait and see.

After the formal standards are introduced, the regulatory intensity we face should increase significantly, instead of using a single reserve indicator to assess the safety of bank assets as it is today."

Carter was a bit dumbfounded as he pushed back the documents on the table. The agreement announcement in May 1983 had almost no substantive content.

emmm, that doesn’t seem right!

"After many discussions on the 1975 Agreement, two points have been made clear: no foreign branch of any bank can escape supervision; the host country and the home country share regulatory responsibilities. This year is nothing more than a supplement to the 1975 Agreement, and it only refines the distribution of responsibilities.

No, no specific standards have been released yet, this thing”

"That's it? I thought you found something inside again. Just like before."

Carter originally wanted to say, is it necessary to think about this thing for so long?!

But after listening to Goodman's words, Carter seemed to understand again.

After all, since I took over Black Flag Bank, I have been playing tricks of regulatory arbitrage. From the initial interbank loan of 6 million, which was misappropriated by myself, to the residents' deposits of the savings bank. Under the guise of interbank loan, I actually

Lending commercial loans to Black Flag Commercial Bank in Connecticut.

In addition to people from the FDI helping to cover up these things, they also reflected the lack of banking supervision at that time! In other words, the coverage of supervision was not enough, which allowed Carter to exploit loopholes.

With such a "dark history", at this time, we suddenly saw another advocate for strengthening supervision, or the central bank governors of the Group of Ten countries jointly decided to strengthen supervision of the banking industry. It is no wonder that Goodman is thinking too much.

"That's it! Well. How can I put it, relatively speaking, we still have a lot of time to have good days. On the one hand, the focus of the Basel Accord is still on international banks, and we currently have no international business. Well, China

The office does not count as it does not carry out business. Oh, by the way, the Yale tuition fee collected this time has been transferred, right?"

"Don't worry, this has been taken care of."

Flipping through the notebook in front of him, the elderly Goodman was still not used to using computers.

Seeing in the to-do list, it is only a matter of time before this fund flow has been transferred from the Bank for International Settlements to the Federal Reserve's large-value transfer system, and finally reaches the public account of the Yale Admissions Office.

"That's good"

After the only payment collection matter was settled and some transfer matters were explained, Carter felt relieved.

After pulling up the seat and sitting down, looking at Goodman, Carter suddenly smiled:

"How is everything lately?"

"It's okay. It's basically stable now. Except for occasionally hearing that some banks were forced to go bankrupt because their reserve ratios were lower than the standard, things are pretty good here. The road connecting China Unicom and Pearson has been opened to traffic recently. You have to go and see it."

Do you see it?"

"I won't go now. It's not of great significance to open it to traffic now. We still have to wait until our Southern Georgia College Medical School is built, and then the core products will flow out, so that the economic driving effect of this road can be reflected. You have to learn

Computers, these new technologies will definitely be used on a large scale in the future. If you really can’t learn them, just recruit someone who knows them to help you.”

Carter had already felt the feeling of prosperity in this small southern city in the United States before setting off.

There is no need to say anything more at this time. As for the construction teams on the road, after they are completed here, they will be transferred directly to the north of the city for construction. There is no problem that they have no work to do.

The pressure around him is decreasing. It seems that Carter no longer needs to worry about the hometown where he grew up. On the contrary, the people in front of him

"Times are always improving, Savings Bank. Although from the perspective of the times, the sunset is already over. But it is our core, even if I spin off some businesses. In the future."

"A series of moves from the lifting of the interest rate ceiling to now accounts and ats accounts indicate that banks will have more and more business. Especially in recent years, off-balance sheet business has accounted for an increasing share of commercial banks.

Big, how tiring it would be if we didn’t use the help of some new technologies!”

"Oh, I know I should try my best to learn. In fact, I also feel the limit of my ability. These branches are fine now, but in the future, I may not be able to accompany you."

Goodman's expression became a little depressed. The times have changed rapidly in the past few years. Things that have not been touched much in the past few decades will be updated every now and then in the past few years.

As there were more and more things to learn, and more and more branches and businesses to manage, Goodman also felt overwhelmed.

"The interbank loan will be paid off next year. After it is paid off, the bonus promised to you that year will also be given to you. In addition, no matter how far you go in the future, Goodman, I will take care of you for the rest of your life!"

Gently rocking the swivel chair, Carter seemed to say this casually but solemnly.

Think about it, even people like Genas have given stock rewards themselves, but Goodman, who can be said to be his closest subordinate, has never received any shares.

Isn't it because Carter knows very well that Goodman cannot go too far with him?!

Such an era full of opportunities and changes does not belong to the elderly after all.

"Okay, I believe you!"

Goodman twitched his lips, knowing that this was the best ending for him. In other words, from the moment Carter flew higher and higher, he realized that such a day would come.

"By the way, my eldest son Aiqi also applied to Yale University this year."

"Oh? Did you pass it? If it passes, let him go back with me when the time comes!"
Chapter completed!