Basel III impacts
Issues, developments and applications for banks
Understand the rationale, contents and impacts of the Basel III reform
Have a better comprehension of the structural impacts of Basel III on the international banking landscape
Introduction : Why did the crisis led to Basel III ?
- The lessons of the 2008-2009 banking crisis
- A reform dedicated to support financial stability and resilience
- How to limit moral hazard and public support in the wake of the crisis?
- Calendar and main milestones of the Basel III implementation
What is the Basel III made of ?
- Rise of capital requirements for market risks
- Stressed VaR
- Incremental Risk Capital
- Upgraded Back testing
- Widespread stress-testing
- Raising the quality of capital
- A more selective definition of the capital base
- The reduction of regulatory arbitrage: a new framework for securitisation
- A more supportive capital base: less prociclycality (conservation and countercyclical buffers), better quality
- Definition of new international liquidity ratios:
- Liquidity Coverage Ratio
- Net Stable Funding Ratio
- Use of an additional non risk based ratio :
- Leverage ratio
Case Study: Assessing the structural impacts of Basel III on the banks balance sheets and activities
Structural impacts of Basel III on the banking landscape
- The reduction of the ROE of prop trading activities
- The use of stressed market and liquidity risk measurement methodologies
- A better handling of counterparty risk management in the post Lehman era
- The evolution of market infrastructure in relation with Basel III :
- Hedge funds
- Central Counterparty Pools
- A new positioning for OTC markets
Living in a systemic world
- A specific treatment of systematically important financial institutions
Case Study: Understanding and implementing the new frameworks for market and liquidity risk management
Introduction : Why did the crisis led to Basel III ?
- The lessons of the 2008-2009 banking crisis
- A reform dedicated to support financial stability and resilience
- How to limit moral hazard and public support in the wake of the crisis?
- Calendar and main milestones of the Basel III implementation
What is the Basel III made of ?
- Rise of capital requirements for market risks
- Stressed VaR
- Incremental Risk Capital
- Upgraded Back testing
- Widespread stress-testing
- Raising the quality of capital
- A more selective definition of the capital base
- The reduction of regulatory arbitrage: a new framework for securitisation
- A more supportive capital base: less prociclycality (conservation and countercyclical buffers), better quality
- Definition of new international liquidity ratios:
- Liquidity Coverage Ratio
- Net Stable Funding Ratio
- Use of an additional non risk based ratio :
- Leverage ratio
Case Study: Assessing the structural impacts of Basel III on the banks balance sheets and activities
Structural impacts of Basel III on the banking landscape
- The reduction of the ROE of prop trading activities
- The use of stressed market and liquidity risk measurement methodologies
- A better handling of counterparty risk management in the post Lehman era
- The evolution of market infrastructure in relation with Basel III :
- Hedge funds
- Central Counterparty Pools
- A new positioning for OTC markets
Living in a systemic world
- A specific treatment of systematically important financial institutions
Case Study: Understanding and implementing the new frameworks for market and liquidity risk management
Tigrane Kibarian

Tigrane, a graduate of ESSEC and Warwick Business School, began his career in auditing at Arthur Andersen before joining General Electric - Energy Division - in corporate finance, working on industrial, regulatory and M&A assignments in France and Italy.
He joined Goldman Sachs in London, first as COO in the Equities division and then as VP on the institutional portfolio restructuring desk, working on ALM and cross-asset allocation issues.
He made a transition to asset management by becoming Global Macro portfolio manager at Odin Capital, before becoming its COO. After this experience, he founded Zentak Capital with a partner to offer institutional clients a volatility arbitrage strategy.
He has been working in training for 10 years, as a trainer and also in charge of CIB-AM clients for Bärchen. Tigrane is Lean Six Sigma and FCA certified.
Tigrane Kibarian also teaches :
- Alternative Investment Management (Catalogue English)
- Analyse économique et décisions d’investissement (Catalogue Marchés financiers)
- Assets and players in the new financial economy (Catalogue English)
- Basel 3 Impact on Banks (Catalogue English)
- Comprendre les marchés financiers (Catalogue Marchés financiers)
- Construction de portefeuille (Catalogue Marchés financiers)
- DiFiQ (Catalogue Certifications)
- Economic analysis: indicators and forecasts (Catalogue English)
- Economic Indicators and Market Cycles (Catalogue English)
- Evolution des banques et nouveaux outils de financement (Catalogue Marchés financiers)
- Excel pour les financiers (Catalogue Marchés financiers)
- Finance en anglais (Catalogue Finance d'entreprise)
- Gestion alternative (Catalogue Marchés financiers)
- L’essentiel des marchés financiers (Catalogue Marchés financiers)
- Les marchés financiers à travers leurs classes d’actifs et leurs participants (Catalogue Banque & Assurance)
- Produits dérivés 1 : mécanismes et utilisations (Catalogue Marchés financiers)
- Risk Management 2 : Risk Governance (Catalogue English)
- The bank in financial economics (Catalogue English)
- Understanding Risks in Banks (Catalogue English)