SOURCE CLAIMS "SUBSTANTIVE" CHANGE REQUESTED BY OMB ON BASEL II NPR DESPITE US REGULATORS PROTESTATIONS
OMB requests Basel II NPR change
WASHINGTON, DC – According to one regulatory source, the Office of Management and Budget's (OMB) review of the US's Basel II notice of proposed rulemaking (NPR) has resulted in a "substantive" change to a portion of the credit risk framework, as well as various other "tweaks".
Although the source would not expand on the exact nature of the change that the OMB requested as a result of its review of
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