Summary RIA
With the methodological support from the Convergence Program, we have estimated the financial impact of the adoption of the envisaged regulatory changes on the banking industry, in close consultation with project working group members.
We have communicated results, methodology and detailed calculations in a seminar held on January 15, 2007.
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Summary RIA Impact (EURm) First Full Year of Impact on the Banking Sector
|
|
Name
|
Additional Loans
|
Cost Savings/Additional Revenues
|
Equity Relief
|
|
BUSINESS DEVELOPMENT
|
|
Expansion of Positive Information Sharing
|
134
|
26
|
-
|
|
Law on Bank Guarantees
|
10
|
0.3
|
-
|
|
Rural Lending
|
27
|
1
|
-
|
|
Total
|
171
|
27
|
-
|
|
INDUSTRY COMPETITIVENESS
|
|
Anti-Money Laundering (AML) Law
|
-
|
6
|
-
|
|
Electronic Processing of Debit Instruments
|
-
|
27
|
-
|
|
IFRS for Loan Loss Provisioning
|
-
|
12
|
-
|
|
Law on Goods Safeguard, Values and Persons Protection
|
-
|
2
|
-
|
|
Loan Loss and Mortgage Loan Servicing Database
|
15
|
4
|
63
|
|
Rating Agencies Development
|
40
|
6
|
16
|
|
Stress Testing
|
-
|
11
|
-
|
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Total
|
55
|
68
|
79
|
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INDUSTRY REPUTATION
|
|
Consumer Education
|
-
|
-
|
-
|
|
Ombudsman
|
21
|
2
|
-
|
|
Total
|
21
|
2
|
-
|
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GRAND TOTAL1
|
247
|
97
|
79
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1 Source: AML Law - Final AML Law Change Reccomendation; All other Projects - 12 Projects Preliminary RIA Approach
For more information on RIA techniques and context, consult the RIA Capacity Building Program page.
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