Bank regulations should be adjusted to create more consistency in modelled capital numbers, according to Ron Pasch, deputy comptroller for international banking at the Office of the Comptroller of the Currency (OCC). Pasch, a member of the Basel Committee on Banking Supervision's standards implementation group, was involved in a recent benchmarking study that revealed huge variations between participating banks.
"What you hope – when you ask banks to run the same trades through their models – is
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines
- Functional programming reaches for stardom in finance