Quant Congress USA: 'High risk of mis-calibration' in Basel III


Supervisors risk mis-calibrating the Basel III package of changes to bank capital rules, thanks to a political rush to hasten implementation, warns Nico Meijer, chief risk officer at Bank of Montreal (BMO) Capital Markets. "I would comment that this whole process has taken place within a highly compressed time frame. The process has become highly politicised and there's a high risk of mis-calibration," he said during Risk magazine's annual Quant Congress USA conference in New York. While Base