Industry split over Basel trading book review
Comment period ends on September 7, but banks are struggling to find common ground
Dealers and industry groups are divided on the merits of a regulatory review of trading book capital rules - in particular, over proposals that would limit the power of internal models, according to bank sources. Consensus on other issues is also proving elusive ahead of a September 7 deadline for comments.
"There are two types of divergence within the industry. One is where the industry wants to go in a different direction to the Basel Committee on Banking Supervision's proposals. The second
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