Q&A: EBA’s Vaillant on Basel IV, FRTB and CVA

Authority’s “key goal” in Basel talks has been to defend risk-sensitive capital framework

Isabelle Vaillant: “Non-risk-sensitive items should be a non-dominant part of the framework”

Isabelle Vaillant speaks quietly, doesn’t get flustered and gives the impression of meaning what she says – no bad thing for someone in her position.

As director of regulation at the European Banking Authority (EBA) – one of three industry-focused authorities that help the European Union flesh out its financial regulation – Vaillant and her team will play a critical role in the final stages of the post-crisis regulatory cycle. In the transatlantic stand-off over the last components of the Basel