BoE’s Bailey expects global consensus on FRTB internal models
UK is reviewing proposals from US and EU regulators before finalising its IMA rules
The Bank of England’s top banking regulator expects key differences in the global implementation of new market risk capital rules to be ironed out over time.
“International consistency matters. It underpins cross-border business and the ability of firms to interact on a global basis,” said David Bailey, executive director for prudential policy at the UK central bank. “Will we get to international consistency in this space? I’m pretty confident that we’ll all end up in a place that facilitates
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