Supervisors slam banks over 'top 20' counterparty results
After five years of work, a group of 19 big banks still get a failing grade from supervisors on their ability to pull together and report counterparty exposures. Is it all a question of cost? Fiona Maxwell reports
Most large, international banks can report their top counterparty exposures quickly, but they can’t be relied on to get the numbers right – even if they’re given three days to do it. That is the sobering message of a report published by the Senior Supervisors Group (SSG) on January 15, a little over five years after it started trying to knock the practices of 19 major banks into shape. The big
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