UK isolated as Germany retains bond volatility filter

Banks in other big EU states will be able to sidestep Basel III

Volatility arrows2

UK banks have been isolated by Germany's decision to protect its banks' capital numbers from the effect of government bond volatility – an option granted by Europe's version of Basel III, which has also been taken up by national regulators in France, Ireland, Portugal and Spain. Italy has proposed to follow suit, which would leave the UK as the only one of the five biggest European economies with rules that match the Basel III text.

On March 14, the Bundesanstalt für

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: