BoE Gives Cautious Approval To JPM Credit Initiative
THE launch of JP Morgan's Creditmetrics has sparked a fresh debate on the capital adequacy regulations covering the banking industry.
In particular, the Bank of England has spoken approvingly of Creditmetrics, although bank officials stopped short of actually endorsing JP Morgan's framework.
Officials at other major international regulators, including the Bank for International Settlements (BIS) and the Federal Reserve Bank, decline to comment on the regulatory implications of Creditmetrics.
JP
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