Rate risk under Pillar 2 left ‘hole in the system’ – Ingves

L to R: Stefan Ingves and Central Banking’s Christopher Jeffrey
L to R: Stefan Ingves and Central Banking’s Christopher Jeffrey
Photo: Lucy Stewart/Infopro Digital

The treatment of interest rate risk should “probably” be included under the mandatory regulatory framework, or Pillar 1, of international bank capital rules, according to Stefan Ingves, former chairman of the Basel Committee on Banking Supervision.

Ingves, who was instrumental in the introduction of the Basel III Accord, said there was “no appetite” to “deal with interest rate risk” in the 2010s – the period when the Basel rules were upgraded in the aftermath of the global financial crisis. As

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