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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Description/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.

Item Type: Article
ISSNs: 0307-1766 (print)
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ePrint ID: 51601
Date :
Date Event
14 November 2007Published
Date Deposited: 23 Jun 2008
Last Modified: 16 Apr 2017 18:05
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/51601

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