Is 8% for all seasons?

Risk analysis

rowe-jpg
In recent months, this column has considered how introducing greater risk sensitivity into the Basel capital Accord could accentuate the business cycle. Michael Gordy, senior economist at the US Federal Reserve Board, has argued that, in practice, required capital will be smoothed over the business cycle, since the consequences of not doing so are simply too severe. He sensibly maintains that the issue is how to do this with the least damage to the alignment of regulatory and econo

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: