Improve Your Capital Buffer Calculations, ECB Tells Lenders
Law360, London (April 5, 2019, 4:22 PM BST) -- Europe's lenders must improve the way they calculate their own regulatory capital requirements to help restore credibility in a process designed to help manage the risk of financial upheaval, the European Central Bank said Friday.
The ECB criticized banks for lacking policies on changing their so-called internal models and accused them of calculating capital requirements without first winning formal approval from their supervisors.
"Addressing unwarranted variability in the calculation of risk-weighted assets is key to restoring the credibility of internal models as a tool for banks to assess and manage their risks," Andrea Enria, chairman of the ECB's supervisory board, said...
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