Rebirth 79: I opened a bank in the United States

"Basel Accords", this is a topic that all financial-oriented practitioners cannot avoid in the future.Whether you are a bank practitioner, or work in a government agency like the China Banking and Insurance Regulatory Commission, or become a professional official, this part of the content is a must.

The "Basel Accord", in simple terms, is to formulate a regulatory standard for banking institutions!
The issuer is the Basel Committee composed of the central bank governors of the Group of Ten countries.The central bank governors of the Group of Ten countries, including the United Kingdom, the United States, Japan, Germany, and Italy, France and Herzegovina, jointly made this decision, and its influence is self-evident.
On the surface, this is not a strong implementation standard, but with the participation of major financial countries, unless you go to a place like the African region, open a small bank that is not in line with international business and only serves the local area , Otherwise, you will never be able to escape from the regulation formulated by the Basel Accords!

only.
"Please, it's just this one thing, you Goodman, you are a little crazy! The specific standards have not yet been released, but some regulatory directions have been mentioned. What I told you is actually to express that later After the introduction of formal standards, the regulatory intensity we face should increase significantly, instead of evaluating the safety of bank assets with a single reserve indicator as it is now relatively simple.”

Carter pushed back the documents on the table, dumbfounded. The announcement of the agreement in May 83 had almost no substantive content at all.
emmm, it seems wrong to say that!
"The 75-year agreement made two points clear: no foreign institution of any bank can escape supervision; the host country and the home country share supervisory responsibilities. This year is nothing more than a supplement to the 75-year agreement, but the issue of the distribution of responsibilities has been refined. Yes, the specific standards haven’t come out yet, this thing”

"That's all? I thought you found something inside again. It's the same as before."

Carter originally wanted to say, is it necessary to think so hard for such a thing? !

But after listening to Goodman's words, Carter seemed to understand again.
After all, since he took over Black Flag Bank, he has played a lot of regulatory arbitrage tricks.From the initial interbank lending of 600 million, which was embezzled by myself, to the resident deposits of the savings bank. Under the guise of interbank lending, commercial loans were actually issued to black-flag commercial banks in Connecticut.
These things, except for the help of FDIC people to cover up, may not have reflected the lack of banking supervision back then!In other words, the coverage of supervision is not enough, which made Carter a loophole.

With such a "black history", at this time, I suddenly saw a proposal to strengthen supervision, and it was decided by the central bank governors of the Group of Ten to strengthen the supervision of the banking industry. It is no wonder that Goodman would think too much.
"That's all! Well... how should I put it, relatively speaking, we still have a lot of time for our good days. On the one hand, the focus of the Basel Accords is still on international banks, and we currently have no international business. Well, China The office in the office does not count, it does not carry out business development. Oh, by the way, the Yale tuition fee collected this time has already been transferred, right?"

"Don't worry, it's done."

Flipping through the notebook in front of him, the elderly Goodman is still not used to using a computer
In the to-do list, after the flow of this fund has been transferred from the Bank of International Settlements to the Federal Reserve's large-value transfer system, it is only a matter of time before it finally reaches the corporate account of the Yale Admissions Office.
"That's good"

"Hey, I know I'll try my best to learn. In fact, I also feel the limit of my ability. Now these branches are fine, but when I arrive, I may not be able to accompany you to go on."

At this time, there is no need to say anything more. As for the construction teams on the road, after the completion of the work here, they will be directly transferred to the north of the city for construction, and there is no problem of not having work.
The pressure around him was decreasing, and it seemed that Carter no longer needed to worry about the hometown where he grew up.Instead, the person in front of
"Times are always improving, Savings Bank. Although from the perspective of the times, it is already sunset. But it is our core, even if I spin off some businesses. The future"

After opening the seat and sitting down, looking at Goodman, Carter suddenly smiled:

After the only collection of money was settled, and some money transfers were explained, Carter was relieved.

"It's okay, it's basically stable now. Except for the occasional hearing that some banks' reserve ratios are forced to go bankrupt because they are below the standard, our place is pretty good. The road connecting Pearson has been opened to traffic recently. You have to go and see see?"

"Is everything okay recently?"

Goodman's expression became a little depressed. The times have changed rapidly in the past few years.Things that haven’t moved much in the past few decades will be updated every few years
With more and more things to learn, more and more branches and businesses to manage, Goodman also felt powerless.
"The interbank loan will be paid off next year. After it is paid off, the bonus that was promised to you back then will also be given to you. In addition, no matter how far you go in the future, Goodman, I will take care of you for the rest of your life!"

The feeling of prosperity was felt by Carter in this small city in the southern United States long before departure.

"A series of moves from the liberalization of the interest rate ceiling to the NOW account and the ATS account all show that the business of banks will increase. Especially in recent years, the proportion of off-balance sheet business in commercial banks is increasing. Big, how tiring it would be without the help of some new technology!"

"I won't go now. It doesn't make much sense to open to traffic now. We still have to wait for our South Georgia College of Medicine to be built, and then the core products have to flow out, so that the economic driving effect of this road can be reflected. You have to learn Computers, these new technologies will inevitably be used on a large scale in the future. I really can’t learn them, so I’ll hire someone who understands to help you.”

Gently shaking the swivel chair, Carter seemed casual, but solemnly uttered these words.

Think about it, even people like Ginas have given share rewards themselves, but Goodman, who can be said to be his closest subordinate, has never received shares.

Isn't it because Carter knows very well that Goodman can't go too far with him? !
Such an era full of opportunities and changes does not belong to the elderly.
"Okay, I believe you!"

Goodman twitched the corner of his mouth, he knew that this was his best ending.In other words, from the moment Carter flew higher and higher, he realized that such a day would come.
"By the way, my eldest son, Ai Qi, also applied to Yale University this year."

"Oh? Did you pass? If you pass, then let him go back with me!"

"Of course, that's exactly what I was going to say. Wait, you're leaving so soon?"