We are encouraged by this new direction. The central criticism of the 1988 Accord was that it was a blunt instrument, and refinement is welcome. But our concern remains that, as with any global regulatory initiative, it will be too generic, with one size not fitting all.
As a large firm, we benefit greatly from a sound, well-regulated financial system. The question is whether the regulations advance that cause. Ev
The week on Risk.net, July 7-13, 2018Receive this by email