An EU regulator has played down the prospect of reforming the Basel Committee’s standardised approach for measuring counterparty credit risk capital (SA-CCR), despite growing industry alarm over the methodology’s wide-ranging implications.
Speaking at the International Swaps and Derivatives Association annual general meeting in Lisbon on May 10, Stéphane Boivin, a policy expert at the European Banking Authority, acknowledged some of the shortcomings of the regime, but he noted that Basel had
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