Ingves laments complexity in Basel trading book
Other risk modelling approaches will likely be simplified in future reviews
Basel Committee chairman Stefan Ingves would have preferred a simpler approach to modelling market risk in Basel III, he told the Institute of International Finance on October 9.
Most of Basel III is now in place, and "the shape of the post-crisis regulatory architecture is now clear", Ingves said. As such, the committee is turning its attention to reducing the variability in risk-weighted assets and its fundamental review of the trading book is part of that process.
Revisions to approaches for
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