Long way round: EU banks lament credit spread saga
EBA ditches some of banks’ preferred qualitative reasonings – and shortcuts – for CSRBB exclusion
The European Banking Authority doesn’t want banks to cut corners on credit spread risk. But banks think recent recommendations from the watchdog will make the regulatory regime far more cumbersome – and circuitous – than it needs to be.
“Everyone’s talking about simplification and more efficient and risk-focused supervision,” says Christian Saß, an associate director at the Association of German
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