Risk Japan: Basel securitisation reform creates ‘perverse incentives’

Inconsistent rules are damaging financial intermediation, says senior Japanese banker


Higher risk weights for all securitised products without regard for the underlying risk under Basel III will make it more difficult to securitise and may even incentivise repackaging of riskier assets, according to a senior figure at Norinchukin Bank.

Takashi Oyama, counsellor on global strategy to the president and board of directors at Norinchukin Bank, was speaking at Risk Japan in Tokyo today and he referred to the consultation paper released by the Basel Committee on Banking Supervision on

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