InvestorsHub Logo
Followers 250
Posts 28395
Boards Moderated 2
Alias Born 08/21/2003

Re: NYBob post# 143

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

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

Post# of 165
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.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.