Keywords: Basel 3, bank capital, liquidity risk, liquidity coverage ratio (LCR).
We cast a cursory look at two key issues concerning bank supervision that are
currently in the European regulatory pipeline, and provide hints on how academic
studies on financial intermediation could contribute to the ongoing debate. The fist
one is the reform of the risk-based capital requirements promoted by the Basel Committee
after the great financial crisis. The second one are the new rules on bank liquidity
(with a special focus on the eligibility criteria for the «high quality liquid assets
» that banks will be required to hold against liquidity risk, and their application
to Government bonds). Both areas provide interesting opportunities for ad hoc studies
and show how economic research can be used to improve the rationality and efficiency
of new regulations.