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Re: NYBob post# 143

Thursday, 03/23/2023 12:36:18 PM

Thursday, March 23, 2023 12:36:18 PM

Post# of 166
Gold testing $2k again...Lagarde literally said Basel 3 needs to be implemented on all banks this week...THIS IS huge!! stay tuned!

ECB'S PRESIDENT LAGARDE: I HIGHLY RECOMMENDED COMPLETE BASEL III IMPLEMENTATION.

Basel III:

Under the new regulation, allocated gold will be considered a Tier 1 asset and will continue to have zero risk weighting. Conversely, banks’ unallocated gold and exposures due to other financial transactions will be considered a Tier 3 asset subject to a Required Stable Funding (RSF) ratio of 85% like other risky assets such as equities. Under the new rules, banks are required to hold physical gold or other liquid assets for an amount equal to at least 85% of the value of unallocated gold on their books.

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