Ingves touts simplicity of final Basel CCP rules
Final rules on banks' exposures to central counterparties (CCPs), published yesterday by the Basel Committee on Banking Supervision, are a victory for simple rules in the face of complexity, according to Stefan Ingves, the Committee's chair.
The final standards will not take effect until January 2017, but contain a number of significant changes that appear to respond to criticisms of the complexity of earlier capital requirements that are part of the Basel III framework. Nevertheless, the latest
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