Letter. Worrying reduction of capital levels

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


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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.

Item Type: Article
ISSNs: 0307-1766 (print)
Related URLs:
Subjects: H Social Sciences > HG Finance
Divisions : University Structure - Pre August 2011 > School of Management
ePrint ID: 51601
Accepted Date and Publication Date:
14 November 2007Published
Date Deposited: 23 Jun 2008
Last Modified: 31 Mar 2016 12:29
URI: http://eprints.soton.ac.uk/id/eprint/51601

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