GOLDILOCKS
Global Banking Announcement:
"In a move that underscores the evolving landscape of international finance, a consortium of leading banks, including BBVA, BofA Securities, ING, Mashreq, Morgan Stanley, and Standard Chartered Bank, has embarked on a pivotal mission. Authorized by an undisclosed bank, these financial titans are set to traverse continents, with meetings scheduled across Asia, Europe, and the United States on February 20, 2024. Their objective is clear yet complex: to assess the appetite of global investors for USD-denominated Basel III compliant Tier 2 notes, a critical component in strengthening the banks' capital structure."
Global Banks are currently preparing for Tier 2 Capital note exchanges under Basel 3 guidelines. Banks are accumulating these foreign currencies to support their banking structures.
What are Tier 2 Capital notes? These notes are designated as second or supplementary layers of a bank's capital. And, they are commonly known as revaluation reserves or foreign currencies.
What makes them revaluation reserves under Basel 3 guidelines is due to the expectation of the increase in their value due to the backing by gold for them. Many of the currencies that are coming back onto the market on the local level in countries around the world are being supported by gold reserves.
Basel 3 is what makes these newly reinstated currencies have the need to be repriced on the market offering a Level Playing Field with other currencies around the world.
All roads lead to gold, and gold will set us free.
© Goldilocks
https://ho1.us/2024/02/global-banks-prepare-for-tier-2-capital-notes-issuance-under-basel-iii-guidelines/
https://www.investopedia.com/terms/t/tier2capital.asp
https://bnnbreaking.com/finance-nav/global-banks-gear-up-for-tier-2-capital-notes-issuance-under-basel-iii-guidelines
No comments:
Post a Comment