balance sheet capacity is defined by regulations

in a world dominated by debt refinancing rather than new credit issuance - the ability to take on more assets and liabilities is more important than interest rates

👉 debt rollover capacity is more important than cost of capital

Illya Gerasymchuk 2025-07-27 17:19

NOTE: Basel III is legally non-binding

so for a step 2 you'd want to look into the transposed legislations

🇪🇺 EU: Capital Requirements Regulation & Capital Requirements Directive

🇺🇸 USA: split throughout Code of Federal Regulations

(just ask ChatGPT/LLM & read from there 😄)