Meeting Basel II head on
Regulators are urging banks to update their rating methodologies in preparation for Basel II. Fitch Risk’s Treeve Coomber thinks his new product will help to meet this challenge.
When Basel Committee chairman and New York Federal Reserve Bank president William McDonough urged bankers to beef up their internal ratings technology for Basel II at a conference in New York last month, it must have been music to Treeve Coomber’s ears.
Coomber, senior director of quantitative analysis at Fitch Risk in London, is preparing the official commercial launch in April of Credit Rating System (CRS) – a credit risk modelling tool aimed at satisfying regulator concerns about bank
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