Dealers and industry groups are divided on the merits of a regulatory review of trading book capital rules - in particular, over proposals that would limit the power of internal models, according to bank sources. Consensus on other issues is also proving elusive ahead of a September 7 deadline for comments.
"There are two types of divergence within the industry. One is where the industry wants to go in a different direction to the Basel Committee on Banking Supervision's proposals. The second ty