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Letter. Worrying reduction of capital levels

Letter. Worrying reduction of capital levels
Letter. Worrying reduction of capital levels
Sir, At first glance it might appear embarrassing for the Financial Services Authority that it recently granted Basel II IRB waiver to Northern Rock in June 2007. The impact of this was to permit Northern Rock to increase its gearing capacity as the capital requirement under IRB is significantly less than under the standardised approach.
0307-1766
p.14
Wolfe, Simon
9a2367fc-36cc-496a-bbd2-e7346bcbb19e
Wolfe, Simon
9a2367fc-36cc-496a-bbd2-e7346bcbb19e

Wolfe, Simon (2007) Letter. Worrying reduction of capital levels. Financial Times. November 14 2007, p.14.

Record type: Article

Abstract

Sir, At first glance it might appear embarrassing for the Financial Services Authority that it recently granted Basel II IRB waiver to Northern Rock in June 2007. The impact of this was to permit Northern Rock to increase its gearing capacity as the capital requirement under IRB is significantly less than under the standardised approach.

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Published date: 14 November 2007

Identifiers

Local EPrints ID: 51601
URI: http://eprints.soton.ac.uk/id/eprint/51601
ISSN: 0307-1766
PURE UUID: 5ceb9d02-014b-4039-945c-005ea5321aa3
ORCID for Simon Wolfe: ORCID iD orcid.org/0000-0001-9815-9535

Catalogue record

Date deposited: 23 Jun 2008
Last modified: 12 Dec 2021 02:46

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