basel III

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German bank Helaba ensures state help ahead of Basel III

The owners of German regional bank Helaba agreed this week to adapt their participation in profit, loss and any liquidation proceeds so the entity can comply with the future requirements of banking supervisory law Basel III. Landesbank Hessen-Thueringen (Helaba) is owned by the State of Hesse, the Free State of Thuringia and the Savings Banks and Giro Association Hesse-Thuringia (Sparkassen und Giroverband Hessen-Thueringen SGVHT). Following the accord, instead of a fixed…

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Time to charge against Basel III, says Mr Dimon

NEW YORK | Financial Times’s interview with Jamie Dimon was intended to create momentum. JP Morgan’s chief executive is now attacking new banking rules by Basel committee, trying to convince against the new regulation to water down Basel III the same way the major US banks have lobbied in Washington to water down Dodd-Frank Act, Obama’s new set of rules after the financial crisis. Dimon’s argument goes like this: the Basel…