Lloyds TSB receives AMA approval in UK
NEWS
As most of Lloyds TSB's business is in the UK, it did not have to deal with the more complex home-host issues under Basel II, but it was still required to meet the high standards set by the UK Financial Services Authority (FSA), as well as the Jersey and Guernsey regulators. The bank said its open relationship with the FSA helped the review and approval process to run smoothly and on time. There were some challenges, however, in embedding the framework and using the capital model.
"The most
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