cc3976fb7f
- Split competitive-analysis-2026-05.org → TOC + 9 competitor files in ideas/competitors/. Dropped date from filename. All competitor UUIDs generated, TOC keeps original UUID for backlink continuity. - Deleted passepartout-economics.org archive (replaced by 27-node KB). - Inlined 5 'See also' blocks into natural prose (compliance-index, first-mover-window, revenue-table, orders-of-magnitude-time, native-org-knowledge-base). - Linked 7 orphan compliance pages back to compliance index + finished truncated sentences. - Linked all 14 Agora requirement docs from topic-relevant pages (identity→lisp-machine-security, infrastructure→compute-marketplace, social-space→growth-strategy, exchange→agora-contracts, etc.). - Linked ai-industry-impact from investment-thesis, sufficiency-flip, verification-appliance, effects-growth-flywheel (up from 1 to 10+ pages). - Fixed CREATED timestamps to use git commit dates instead of today. - Made all links absolute from root (no port inheritance). - Removed stale agora/docs/ duplicate content.
1.5 KiB
Basel III (Bank for International Settlements — Basel Committee)
Basel III (Bank for International Settlements — Basel Committee)
International banking regulatory framework (BIS Basel Committee). Sets minimum capital requirements, liquidity coverage ratio (LCR), net stable funding ratio (NSFR), leverage ratio, and counterparty credit risk requirements. National implementation via local regulators (Federal Reserve, ECB, PRA, BOJ, etc.).
Who must comply: All internationally active banks. Systemically important financial institutions (G-SIBs) face additional surcharges.
Penalties: Capital adequacy violations trigger regulatory intervention at increasing severity — restrictions on dividends, mandatory capital raising, management replacement, resolution.
Why it matters: Basel's risk-weight calculation is rule-heavy and verification-friendly. The gate stack can encode credit risk weight mappings and produce auditable proof that capital calculations follow the correct methodology. First-mover advantage: Basel compliance is done via spreadsheets and specialized risk platforms. No platform uses formal verification for risk-weight mapping correctness. A $100K/yr Basel gate package for a G-SIB is a trivial expense relative to the capital requirement penalty of getting the mapping wrong.
Part of the compliance framework index.