Accord preparations: the rest is yet to come

While the debates have raged for months about many aspects of the proposed Basel II Accord, on some points there has been relative silence, in particular with regard to the seeming overreliance on statistical techniques.

The Bank for International Settlements’ proposed Basel II Accord will fundamentally change the regulatory framework for credit and operational risk. It will have an impact on the business conduct of banks around the world, on the types of activity they will find viable and on the market segments they will cover. Ultimately, it will affect the overall stability and robustness of the financial system.There has been intense and, at times, fierce debate about the implementation details of the

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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