FRTB threatens dynamic forex hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
Comic book heroes Batman and Robin are dubbed the “dynamic duo” due to their effectiveness in fighting crime on the streets of Gotham. But if the pair had to ask the mayor for permission before apprehending each criminal mastermind, fans of the duo would have to find a different nickname to describe the partnership.
Treasurers may feel the same way about the Basel Committee’s Fundamental Review
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