Basel capital floors are necessary – Riksbank’s af Jochnick
Internal models have led to doubts over true capital adequacy, Riksbank deputy says
Risk-weighted capital floors are necessary to address falling confidence in banks' internal capital adequacy calculations, Sveriges Riksbank's Kerstin af Jochnick said on January 31.
Regulators, banks and market participants "have begun to doubt" whether banks' internal models are accurate, the deputy governor told an audience at the Centre for Business and Policy Studies in Stockholm. Capital floors – which have proven contentious among some members of the Basel Committee – are therefore an
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