EBA’s software compromise draws fire on two fronts
UK regulator suggests it will neuter the proposed capital relief, which banks say doesn’t go far enough
As it races to complete a rulemaking on the capital treatment of technology assets, the European Banking Authority may settle for a compromise that is unlikely to satisfy banks, or even some regulators.
At the urging of European lawmakers, the EBA is expected to permit bank software to be treated as a risk-weighted asset (RWA) for capital purposes, rather than being fully deducted from capital
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