Banks ask Basel Committee to delay trading book impact studies

latency-clock-oct2013

A new row between bankers and regulators is brewing, after three industry associations wrote to the Basel Committee on Banking Supervision on January 6 calling for more time to complete quantitative impact studies (QISs) due this year – part of the committee's push towards a new trading book capital regime.

"We do not believe that sufficient time has been given to the industry to develop the necessary tools to engage appropriately and responsibly [in the QISs] on the timeline proposed," says the

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