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.
p.14
Wolfe, Simon
9a2367fc-36cc-496a-bbd2-e7346bcbb19e
14 November 2007
Wolfe, Simon
9a2367fc-36cc-496a-bbd2-e7346bcbb19e
Wolfe, Simon
(2007)
Letter. Worrying reduction of capital levels.
Financial Times, .
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
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Local EPrints ID: 51601
URI: http://eprints.soton.ac.uk/id/eprint/51601
ISSN: 0307-1766
PURE UUID: 5ceb9d02-014b-4039-945c-005ea5321aa3
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Date deposited: 23 Jun 2008
Last modified: 14 Nov 2024 02:33
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