US regulators bid to save FRTB IMA, but it’s no small task
Even if industry wish-list is granted, a 2028 start date might be too soon for model adoption
US banks will very soon find out how serious regulators are about curbing a decline in the use of internal models for calculating capital requirements under revamped trading book rules.
In a speech on March 12 previewing the US redraft of the Basel III rules that will be published on Thursday, US Federal Reserve vice-chair for supervision Michelle Bowman promised the new proposal “extends the use
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