Basel’s Coen warns on complexity of market risk rules
Regulators may consider “simpler and more robust” approaches when finalising rules this year
Capital rules for bank trading books are at risk of becoming too complex, says William Coen, secretary general of the Basel Committee on Banking Supervision, and regulators may need to consider simpler approaches.
The committee aims to agree on an amended framework this year, after the industry’s compliance deadline was pushed back three years to 2022.
“In doing so, an important consideration for the committee is whether the framework adequately balances simplicity, comparability and risk
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