Rewriting the output floor: how EU reform options would split the banks
Making transitional relief permanent would offer the biggest cut by 2033, while market-risk changes would create winners and losers
This is the seventh in a series of extended articles from the Risk.net Quantum desk, which publishes daily data-driven analysis available with selected subscriptions. Previous articles in the series can be found here.
One of the foundations of the Basel III reforms is crumbling. The latest US capital proposals do not include an output floor, Canada has frozen its floor below the international
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