I dare anyone to show me where Basel III requires all fiat currencies to become asset backed

5-30-13 Duckyboy: I dare anyone to show me where Basel III requires all fiat currencies to become asset backed. These Nesara moron/gurus (jester/bluwolf/okie….) have changed what Basel III is, without consulting the BIS itself.

Instead of being lazy and listening to the above noted individuals, I dare anyone reading this to research and report about the Basel III requirements.

Summary of Basel III changes

◾Minimum common equity requirement 2 to 4.5%

◾Capital conservation buffer 2.5% – met with common equity. If under, greater contraints on earning distributions are imposed

◾Total common equity requirement is 7%

◾Higher capital requirements for trading, derivatives, securitisation at end 2011

◾Tier 1 capital from 4 to 6% over the same period

◾Countercyclical buffer in the range of 0 to 2.5% of common equity according to national circumstances

◾Supplemented by non risk based leverage ratio

◾Pillar 1 treatment will start on the 1st January 2018