Knot backs simple regulatory rules
Greater regulatory simplicity would "make it easier for central banks to promote financial stability" according to Klaas Knot, president of the Netherlands Bank.
Knot told an audience at a global risk regulation summit that detailed rules "may make it more difficult" for supervisors and financial institutions to spot risks, as there will be the tendency for both parties to rely on them too heavily.
"You might think that if a model complies with all these requirements, the outcomes it produces
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