Basel securitisation reform creates 'perverse incentives’, says senior Japanese banker
Higher risk weights for all securitised products without regard for the underlying risk under Basel III will make it more difficult to securitise and may even incentivise repackaging of riskier assets, according to a senior figure at Norinchukin Bank.
Takashi Oyama, counsellor on global strategy to the president and board of directors at Norinchukin Bank, was speaking at the Risk Japan conference in Tokyo today and referred to the consultation paper released by the Basel Committee on Banking
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