Nordea Markets: speedy trading book revamp "not safe"

Hard to gauge impact of ambitious proposals, says market risk head

niels-kjaer
Niels Kjaer, Nordea Markets

Regulators were too quick to revise trading book capital rules following the first phase of the crisis, according to critics of the so-called Basel 2.5 text, published in July 2009. Now, they risk repeating that mistake, according to Niels Kjaer, the Stockholm-based chief market risk officer for Nordea Markets, and head of group market and counterparty credit risk.

"The main challenge we all face is the aggressive timeline policy-makers are pursuing for the post-crisis regulatory initiative. It

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