A list of puns related to "Basel Accords"
Only 6 more days until the BIS Basel III Accords will be implemented ....
Have a great week!!!
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Only 3 short days until the BIS Basel III Accords to be implemented ....
'EXPECT the UNexpected' ............... HOME STRETCH!!! Monday should be exciting! ;)
Will they cheat and do something underhanded over the weekend while the market is closed? Hmmmmmm....
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In the absence of massive trading in unallocated gold, how else could the U.S. government still hold down gold and silver prices after the new Basel 3 bank regulations take effect?
It turns out that the federal government has multiple tactics to do so.
First, the Secretary of the Treasury could use the billions of dollars of assets of the Exchange Stabilization Fund, created as a provision of the Gold Reserve Act on January 31, 1934. This law explicitly authorizes the government to use its assets to secretly manipulate the price of gold.
It could persuade other central banks to liquidate some gold reserves, to help private banks build up their required reserves to meet Basel 3 reserve requirements. The Bank of England sold half of its reserves from 1999 to 2001 to temporarily hold down prices.
Central banks could also increase their gold leasing and swaps activity, especially if they could avoid reporting such activity or fraudulently refuse to disclose it. In years past, the IMF required that both a central bank that had custody of leased gold and a central bank that had leased out the gold would issue reports that this leased gold was part of their official reserves. Several years ago, the IMF changed this requirement to allow (but still not require) that only the central bank that had title to the physical gold would report it as part of their reserves.
The Bank for International Settlements could also expand its gold swap operations to make it appear that private banks held more gold reserve assets than they actually did.
Finally, the federal government could also simply engage in secret behind-the-scenes trading to defraud investors and the American people as to the amount of bank reserves. This would not be the first time it has hidden its financial activities. A major recent example is the Federal Reserve Bank program initiated in September 2019 to inject liquidity into the overnight bank loan system in amounts now totaling more than $6 trillion. The Fed has refused, as required under the 2010 Dodd-Frank Act, to inform Congress of the identity of which banks received these loans, much less how much.
On the surface, it may seem that the provisions of the Basel 3 Accords may collapse the market for trading unallocated previous metals, with the result of pushing up gold and silver prices. But, in practice, the U.S. government could arrange to delay or reduce gold and silver price increases when the Basel 3 bank regulations take effect.
I'm talking specifically about the risk model aspect of them.
Also I'm a very novice economist so it would be very helpful if anyone explaining could explain it as simply as possible.
Thanks
So I am a chartered accountant doing a distance MSc in Accounting course where I learnt about the different Basel Accords, history, contents, capital adequacy ratios and how each addresses the various risks faced by banks
Now I need to write a reflective piece as to how learning about Basel will improve my professional work
I do not work at the moment but I need to know HOW KNOWING BASEL ACCORDS WILL HELP AN ACCOUNTANT in their work?
I have heard that the Third Basel Accord influences the quantity of money that banks can lend, but I can't understand how it does it.
Now there is un update:
http://www.bis.org/bcbs/implementation/l2.htm
But I can't understand the update and why is it so important.
Can someone help me understand that?
Bcos it is very very odd for them to be holding onto that much cash
https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html
The recent dip has provided the new Apes a golden opportunity to buy Silver at $26 spot price. This is the last chance for everybody to get Silver at this price. Soon it will be history.
One can see his video interview with David Lin on Kitco.com
Anything is possible. So yes.
But can Shiba Inu really get to $1.
In this post I shall theorise as to how it could be possible.
Let's start with circulation/supply of Shiba which was 1 Quadrillion.
1,000,000 = million
1,000,000,000 = billion
1,000,000,000,000 = trillion
1,000,000,000,000,000 = quadrillion
(The trillion above is the old English Billion, for some general knowledge as it was million million hence bi and million million million is tri - anyway it is all debatable as seen here https://www.theguardian.com/notesandqueries/query/0,5753,-61424,00.html ).
Now if we say Shiba has a $1 per Shiba valuation we are saying the total value of the whole supply of Shiba is $1 Quadrillion? Well no, not just yet. Why? Well, because 410 Trillion was burnt (i.e. removed permanently from the Shiba supply by Vitalik Buterin - that's another story).
So are we saying the supply is 590 Trillion? No, it is decreasing everyday, but 590 is a good place to start with calculations.
590,000,000,000,000 is the current supply, a $1 valuation per Shiba would mean that it has a value of $590,000,000,000,000. This would equal the value of all the derivatives notional value in the World in 2019 as per https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/ . The derivatives market is interestingly complex and worthy of a post in itself, but I need to keep on topic here so let's continue.
What this point now shows is that if Shiba was $1 it still would not equal all the wealth in the world. So if anyone says otherwise please do point them to the derivatives market where the amounts of money are usually beyond the scopes of most governments let alone people. On another note if you looked at that link you would see that the value of all crypto currencies in 2020 was $244Billion, we are now at $2.7Trillion where we sit today. Thats growth of over 10 times in one year!!!
Lets just park that thought there for a bit.
Now ask yourself this... has every company that can utilise crypto all jumped at the opportunity? No they have not. How much of a percentage of the population has invested into cryptocurrencies? Well lets delve and find out...
some reading for you:
[https://blog.chainalysis.com/reports/2021-global-crypto-adoption-index](https://blog
... keep reading on reddit β‘Spooky season - spooky trades? Letβs talk about investing in Triterras Inc.
What can scare a normal investor:
Not scared enough? Itβs a controlled offshore SPAC, with a murky ownership structure centered around the founder/CEO and his buddies.
Do I think you should short it - under normal circumstances - yes... But in this case, it might get you on a trip to the land of pain and suffering.
I think $TRIT is a powder keg ready to blow in the face of anyone who wants to touch it.
P.S. Nothing in this post is a piece of financial advice or anything that you should take seriously. Do your own research, size your own risks.
So what's it all about?
The company was founded by Srinivas Koneru who by the time had a background in commodities trading. The guy noticed a niche to optimize the processes in international trade and make some $ in the process.
The companyβs main product is Kratos - essentially a marketplace for international commodity trading. Think of Amazon or Alibaba marketplace, but instead of retail consumers and merchants you have commodity traders and producers on both sides of the deal, and instead of merchandize you have iron ore and scrap metals.
They cater to underserved communities of SME commodity traders across the globe. This niche was estimated to be 1.5T dollars/year pre-pandemic. I think now you can double or triple this estimate.
They handle all aspects of the trade - discovery, compliance, due diligence, financing, logistics, shipping, etc. Itβs done based on Ethereum smart contracts which is the ultimate way to ensure immutability and trust.
So what they are doing is quite amazing - they are essentially carving out the niche for themselves.
They donβt have direct competition, as there is nothing else on the market that allows handling all aspects of commodity trades in a single paperless system for smaller traders.
For the
... keep reading on reddit β‘I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.
Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.
Doesn't seem like the most reliable source, but they are referencing Sport1. If this is true, how would you feel about it as a backup striker for Lewa?
I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.
TL;DR - (Though I think you REALLY should consider reading because it is important to understand what is going on):
In addition, these new regulations intend to:
In short: they want to change the way the space can operate. As youβll discover, the regulation rolled out aim to create a system of complete transparency and control.
At the same time, regulatory clarity could pave the way for the next stage of adoption.
For years, we wondered if governments would βban Bitcoin.β As it turns out, they will not. Instead, they intent to simply absorb cryptos into the existing regulated financial system.
This due diligence is based on new international regulations. This DD reveals exactly what the coming regulations mean for cryptos, who is behind them, and how they will be implemented. Next, this DD highlights the most revealing and stunning clauses. And finally, it summarizes which activities are likely to thrive and which are bound to suffer, so that you can prepare yourself.
In 2018, the news that Facebook was creating a crypto currency shocked international regulators. Until then, they didnβt see cryptos as a risk to the stability of the global financial system. However, Libra, the coin Facebook proposed, was a so-called stablecoin; it maintains its value relative to fiat currencies such as the USD. They quickly realized what would happen when a company with a billion users creates an instant payment system that is cheaper, faster and more user-friendly than the current financial system.
This topic was discussed at the highest levels of government; the G20, an international forum for the governments and central bank governors from 19 countries and the European Union. They engaged an organization called the Financial Action Task Force (FATF).
This organization has
... keep reading on reddit β‘TOMORROW, tomorrow, tomorrow is BIS Basel III Accords implementation day ....!!!!
'EXPECT the UNexpected' ............ What will tonight bring as markets open???
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Only 8 more days until Basel III accords will be implemented under the Treaty signed by all Western Nations in 2013......!!!
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Only 5 more days until the BIS Basel III Accords to be implemented ....
'EXPECT the UNexpected' to happen as they try desperately to stop it from happening on 28 June 2021.
(next MONDAY)
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Only 2 short days until the BIS Basel III Accords to be implemented ....
'EXPECT the UNexpected' ............... Will they cheat this weekend ? We all will watch and see.
https://preview.redd.it/bl248h47hm771.jpg?width=1200&format=pjpg&auto=webp&s=4d2605edb155e2bb78bb2126bb435f1c018ab960
Only 4 short days until the BIS Basel III Accords to be implemented ....
'EXPECT the UNexpected' ............... Thursday and Friday could be EXTREME days........ Like the smackdown yesterday.
https://preview.redd.it/5yf7vs4vi5771.jpg?width=1200&format=pjpg&auto=webp&s=32acbd3d06283fcbf97f415861c34a1c8039dd57
Only 9 more days until Basel III accords will be implemented under the Treaty signed by all Western Nations in 2013......!!!
Only 7 more days until the BIS Basel III Accords will be implemented ....
Look for funny stuff to happen this week!!!
https://preview.redd.it/xpok9ej79k671.jpg?width=1200&format=pjpg&auto=webp&s=67915960e803f42cf2fa1be3dc4bd6e25f09f8f0
In addition, these new regulations intend to:
In short: they want to change the way the space can operate. As youβll discover, the regulation rolled out aim to create a system of complete transparency and control.
At the same time, regulatory clarity could pave the way for the next stage of adoption.
For years, we wondered if governments would βban Bitcoin.β As it turns out, they will not. Instead, they intent to simply absorb cryptos into the existing regulated financial system.
This due diligence is based on new international regulations. This DD reveals exactly what the coming regulations mean for cryptos, who is behind them, and how they will be implemented. Next, this DD highlights the most revealing and stunning clauses. And finally, it summarizes which activities are likely to thrive and which are bound to suffer and what you can do next to protect yourself.
In 2018, the news that Facebook was creating a crypto currency shocked international regulators. Until then, they didnβt see cryptos as a risk to the stability of the global financial system. However, Libra, the coin Facebook proposed, was a so-called stablecoin; it maintains its value relative to the USD. They quickly realized what would happen when a company with a billion users creates an instant payment system that is cheaper, faster and more user-friendly than the current financial system.
This topic was discussed at the highest levels of government; the G20, an international forum for the governments and central bank governors from 19 countries and the European Union. They engaged an organization called the Financial Action Task Force (FATF).
This organization has passed simila
... keep reading on reddit β‘Please note that this site uses cookies to personalise content and adverts, to provide social media features, and to analyse web traffic. Click here for more information.