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This presentation (based on an IMF working paper) explores similarities and differences between banks and insurers and between Basel III and Solvency II and then highlights possible unintended consequences of Basel III and Solvency II being introduced at roughly the same time

[as pdf]

Slides

1	Possible Unintended Consequences of Basel III and Solvency II
2	Agenda
3	Overview of paper
4	Typical bank and insurer business models differ
5	Although noteworthy overlaps (and conglomerates!)
6	Different funding bases (excluding equity)
7	Different capital levels
8	Different accounting bases
9	Basel III and Solvency II: Different histories and drivers
10	Basel III and Solvency II Capital Tiering (Pillar 1)
11	Calculation of Required Pillar 1 Capital
12	Risk Aggregation (Pillar 1)
13	Possible unintended consequences
14	Cost of capital
15	Funding patterns and interconnectedness (1)
16	Banks’ debt funding sources by type of investor
17	Funding patterns and interconnectedness (2)
18	Risk / Product transference (1)
19	Risk / Product transference (2)
20	Policy considerations
21	Summary
22	Important Information

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