Correlation desks win relief from Basel trading book rules
Correlation traders have been given a reprieve after final rules on the regulatory capital treatment of trading book positions, published by the Basel Committee on Banking Supervision on July 13, eased regulations for certain securitisation positions.
The change is part of a final package of measures published by the Basel Committee, which includes revisions to the market risk guidelines and changes to Pillars I, II and III of the framework.
Central to the new rules is the introduction of an
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