FSA's Turner: RWA divergence would undermine Basel III

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International differences in the calculation of risk-weighted assets (RWAs) – the basis for regulatory capital ratios – could undermine Basel III, Adair Turner, chairman of the UK Financial Services Authority warned this morning at a press conference to launch the latest Bank of England financial stability report.

"The processes we have for ensuring the commonality of risk weights need a lot of attention. The whole Basel III capital system depends on us being confident that when we assign a risk

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