European regulator praises Japan’s ‘smart’ NMRF manoeuvre
Comments come after revelation that Nomura is able to reverse NMRF status for risk factors
A senior European regulator has praised Japan’s recent reprieve of a contentious element of new trading book capital rules, which requires banks using their own models to separately capitalise risk factors with limited observable pricing data.
Last month, Risk.net revealed the Japanese Financial Services Authority (FSA) was allowing Nomura to temporarily reverse the classification of some risk
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