QIS5 results reflect similar results to QIS4, says Comptroller of the Currency
US Comptroller of the Currency John Dugan said the “results between QIS4 and QIS5 are more similar than they would first appear” at a dinner held last night at the offices of JP Morgan Chase in London.
Dugan, who gave a speech on the record at the dinner, said that the US regulators continued to have concerns about the results generated by the quantitative impact study four they conducted in the fourth quarter of 2004. He also indicated that he believed the results of the global QIS5 showed the same kinds of swings – although to a lesser degree – that the QIS4 showed.
The Basel Committee on Banking Supervision announced in late May that Basel II's calibration – the 1.06 scaling factor for
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