le coût de la ressource
English translation: cost of funding
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| 08:38 Sep 29, 2013 |
| French to English translations [PRO] Bus/Financial - International Org/Dev/Coop / Discussion of Basel III banking rules | |||||||
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|  Selected response from: William A McNab New Zealand | ||||||
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| 5 +1 | cost of funding |
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| 3 +1 | the cost of the resource |
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| http://cib.natixis.com/flushdoc.aspx?id=46427 |
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| cost of the resource |
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| Discussion entries: 1 | |
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Answers
2 hrs confidence: 
peer agreement (net): +1
peer agreement (net): +1the cost of the resource Explanation: The text seems pretty clear, but I am not an economist: The "élément clé " is whether or not they apply the rules. The resource is the liquidity, and fact that the its cost to the banks determines interest rates. |
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7 hrs confidence: peer agreement (net): +1
peer agreement (net): +1cost of funding Explanation: Hi Charlotte, The "ressource" is banks' funding, or what it costs them to raise the money that they then lend to households or companies or whoever. Given the wider context (Basel III), to me it would make sense that the "élément clé" is the implementation of the liquidity rules (Europe vs US). My understanding (I'm no expert) is that the rules (liquid coverage ratio and NSFR) increase banks' cost of funding by requiring them to obtain it from more stable and longer-term sources (i.e. more expensive). This means that the interest rates banks set on their long-term loans to housheolds or companies or whoever will be higher. I found a useful doc online from Australia's central bank explaining funding costs and lending rates (see reference). Hope that helps. Reference: http://www.rba.gov.au/publications/bulletin/2012/mar/5.html |
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Reference comments
15 mins |
| Reference: http://cib.natixis.com/flushdoc.aspx?id=46427 Reference information: From one non-economist to another I found this, which to my untrained eye seems to suggest that it's the rate at which banks lend to one another... No doubt someone with better knowlege will contribute, but this could be a starting point for you. |
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2 days 8 hrs |
| Reference: cost of the resource Reference information: http://www.banque-france.fr/fileadmin/user_upload/banque_de_... Banque de France • Financial Stability Review • No. 3 • November 2003 Cf p58: The doc refers to Basel I and II but it would seem to be standard terminology in context, although not and original EN document. "The largest component of the cost of credit is the cost of refinancing: i.e., the cost of the resource that appears on the liability side of the bank’s balance sheet. The next largest component is the cost of the human resources and materials needed to raise the financing and extend the loan. The third component is the cost of risk covered by provisions. The fourth, and smallest in size, is the regulatory cost of capital." |
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