Credit crisis good for Basel II risk models, says OTS chief
LONDON - Basel II has weathered the challenges of the credit crunch well and has been strengthened by the volatile market data this summer's turbulence has yielded, according to the head of a US regulator.
Speaking in London, John Reich, director of the Office of Thrift Supervision (OTS), told a delegation of the British Bankers Association last month: "The events of recent weeks have given us a ton of [data] to make risk models function more effectively than they would have prior to the turbulence."
Reich's supportive comments stand in contrast to those made by academics, analysts and other
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