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Ameasure intended to protect the banking sector by taking macro-environment factors into consideration is the:

A) Leverage ratio.

B) Procyclical deleveraging ratio.

C) Countercyclical buffer.

D) Counterparty credit risk adjustor.

答案：C

解析：The countercyclical buffer requires that banking authorities monitor credit growth and other system-wide factors. If system-wide risks increase, authorities can require banks to hold additional capital, called the countercyclical buffer.

The risk management department at Southern Essex Bank is trying to assess the impact of the capital conservation and countercyclical buffers defined in the Basel III framework. They consider a scenario in which the bank’s capital and risk-weighted assets are as shown in the table below (all values are in EUR millions): Risk-weighted assets 3,110 Common equity Tier 1 (CET1) capital 230 Additional Tier 1 capital 34 Total Tier 1 capital 264 Tier 2 capital 81 Tier 3 capital - Total capital 345 Assuming that all Basel III phase-ins have occurred and that the bank’s required countercyclical buffer is 0.75%, which of the capital ratios does the bank satisfy?

A) The CET1 capital ratio only.

B) The CET1 capital ratio plus the capital conservation buffer only.

C) The CET1 capital ratio plus the capital conservation buffer and the

countercyclical buffer.

D) None of the above.

答案：B

解析：The bank has CET1 capital ratio of (230/3110) or 7.4%. This ratio meets the 4.5% minimum and the additional 2.5% capital conservation buffer but not the additional countercyclical buffer of 0.75% (4.5% + 2.5% + 0.75% = 7.75%)