More data does not mean better outcomes – EBA policy expert
EU’s previous credit risk approach created ‘crazy backlog of model validations’, official says
As the European Union pursues its programme of regulatory simplification, a policy expert from the European Banking Authority (EBA) has said the quality of supervisory outcomes does not depend on the amount of data banks provide.
Speaking on a panel about regulatory fragmentation at Risk Live Europe on June 30, the EBA’s Capital Requirements Regulation (CRR) credit risk lead Guillaume Olivier shared some of the lessons the authority had learned when devising new rules for policing banks’ internal
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