Asian banks plead for extra time on Basel credit risk reforms
Switching to the standardised approach for credit modelling could have an impact on their legacy books
New constraints on the way banks are allowed to model credit risk for both the banking book and derivatives counterparties could have a significant impact in Asia if they are brought in too soon, warn senior treasury managers.
Proposals from the Basel Committee on Banking Supervision on March 24 seek to limit the use of the internal ratings-based (IRB) approach for modelling exposures where a lack of data means the probability of default cannot be estimated easily. Thus exposures to financial
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