Risk USA: Regulators cannot hide from bank models, says Osfi’s Zelmer


Attempts to remove internal models from the bank capital framework will only push them into a regulatory "netherworld", according to Mark Zelmer, deputy superintendent at Canada's Office of the Superintendent of Financial Institutions. Supervisors would need to take more responsibility for setting appropriate capital levels for each institution, and this would be based on private discussions about modelled numbers.

"When it comes to models, you can run but you can't hide. Any conversations

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