European pension funds would experience greater stability if regulators amended asset liability management (ALM) rules to permit short-term risk taking using internal risk management models, a new paper argues.
Author: Peter Madigan
Source: Risk magazine
| 29 Apr 2009
Categories: Structured Products, Risk Management
Topics: ALM, Edhec
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TLAC threat to structured notes
Structured notes - an important funding source for many banks - may be barred from counting towards an issuer's total loss-absorbing capacity (see www.risk.net/2406942 and www.risk.net/2409263). The fear among regulators is that notes could not be quickly and simply valued and then written down to help recapitalise a failing bank. Do you agree?
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