OpRisk North America: Confusion remains between trading book and banking book definitions

Charles Taylor

Arbitrage opportunities between financial institutions' banking books and trading books are still a source of concern, Charles Taylor, deputy comptroller for regulatory policy at the Office of the Comptroller of the Currency (OCC), told the audience at the OpRisk North America conference in New York today.

Taylor said he was only moderately confident that the definitions of the banking book and trading book were being treated consistently internationally. As such, he said this was an area being

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