La crise financière a provoqué une remise en question des normes et principes de gouvernance dans le domaine de la finance. Et, très vite, les lobbyistes sont montés au barricade, de crainte de voir apparaître une réglementation trop rigide, trop répressive.
Dans ce contexte, le Comité de Bâle et le Conseil de Stabilité Financière ont récemment publié une étude commune qui démontre que les nouvelles mesures réglementaires n’auraient finalement qu’un impact limité sur le ROE (Return on Equity) des banques.
WHEN asked, before the crisis, about the right level of capital they should have, the bankers’ answer was simple: “As little as possible”. Now that the world has changed, their response has morphed to “less than what the regulators want”. Lenders, they say, will have to hammer borrowers to recoup the costs of carrying bigger capital and liquidity buffers. The Institute of International Finance, a lobbying group, reckons the proposed “Basel 3” rules might knock 3% off the absolute level of rich-world GDP by 2015, a scary result. A study by the French Banking Federation concluded that the long-term level of GDP would be 6% lower in the euro area.
via The Economist : Increasing banks’ capital
Sur ce sujet, il peut être intéressant de reprendre la prise de position de l’Institut de la finance internationale (IIF) émise en juin avant la rencontre du G20:
Speaking at the Institute of International Finance’s (IIF) Spring Membership Meeting in Vienna, Dr. Josef Ackermann, Chairman of the IIF’s Board of Directors and Chairman of the Management Board and of the Group Executive Committee of Deutsche Bank AG, stated, “We are meeting at a crucial time for the global economy – a time both of uncertainty over the course of economic recovery, and one where major economic policy and financial regulatory reforms will be at the center of the G-20 Summit discussions.”
Dr. Ackermann added, “The IIF’s Board of Directors, which met this morning, welcomes the progress being made in formulating a package of core regulatory reform proposals and looks forward to the participants in the forthcoming G-20 Summit, and the international regulatory authorities, finalizing the reforms in a timely manner. As they do so, it will be important to consider carefully the content, the timing and the calibration of the reforms in order to achieve the right balance between stability and growth.”
via IIF : Global Financial Industry Leaders Support Constructive Dialogue to Secure Financial Sector Stability and Economic Growth
voir également le rapport émis à cette occasion : Interim Cumulative Effect Report (cache)
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