Ingves touts simplicity of final Basel CCP rules
New rules allow for single measure of capital requirements
Final rules on banks' exposures to central counterparties (CCPs), published yesterday by the Basel Committee on Banking Supervision, are a victory for simple rules in the face of complexity, according to Stefan Ingves, the Committee's chair.
The final standards will not take effect until January 2017, but contain a number of significant changes that appear to respond to criticisms of the complexity of earlier capital requirements that are part of the Basel III framework. Nevertheless, the latest
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