Fed’s Curti: SMA will smooth capital mismatches
OpRisk North America: non-US banks holding less capital under own-models approach was “a big problem”, says regulator
The Basel Committee’s decision to scrap the use of operational risk modelling in favour of a single standardised approach will help solve the “big problem” of non-US banks holding significantly less capital than their US peers on average, according to a senior US regulator.
Speaking at the OpRisk North America conference earlier this week, Filippo Curti, a financial economist in the supervision, regulation and credit department at the Federal Reserve Bank of Richmond – who was involved in
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