Basel split over NSFR impact on repo, says SEB exec

"It's quite clear there is a US camp and a European camp," capital head tells conference

BIS headquarters, home of the Basel Committee

European and US regulators are split over pending new rules on bank funding that threaten to drive up repo market costs, according to Jonas Svärling, head of risk and capital management at Sweden's SEB. Some US regulators have spoken publicly about using the net stable funding ratio (NSFR) to make repo transactions more expensive, but their European counterparts are more cautious, Svärling claimed.

"When we have talked to regulators at the Basel Committee about this, it's quite clear there is a

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