QIS3 results delayed until May
The release of the third quantitative impact study results will be delayed until May, when they will be published alongside the Basel Committee on Banking Supervision's third Consultation Paper (CP3), according to Patricia Jackson, special adviser on financial stability for the Bank of England.
She said the QIS3 results had demonstrated that "the data has been of very good quality", and the results were consistent overall with the objectives of the Basel Committee.
But certain modifications to the CP3 would be made in light of the results, including changes to the operational risk charge that would lessen the likelihood that large banks would be hit with a substantial increase in regulatory capital requirements overall. She also said the internal ratings-based approach for credit risk would be "fine tuned". But Jackson declined to provide further details.
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