G-sibs surcharge will have positive macroeconomic impact, says joint Basel, FSB working group

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The overall benefits to growth that additional loss absorbency measures for globally systemically important banks (G-sibs) will offer are greater than the costs from higher bank funding charges, according to a report by a joint Financial Stability Board (FSB) and Basel Committee on Banking Supervision working group.

The report, published on Tuesday by the Macroeconomic Assessment Group (MAG), a working group comprising macroeconomic modelling experts from central banks and regulators in 15 count

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