Behind the scenes in #banking, it seems bankers (either ignoring or having forgotten the lessons of the global financial crisis of 2008) are looking for new 'more sophisticated' ways of getting #credit risk off their books, to further enhance their capacity to lend.
At the same time that Basel III (the international banking regulatory mechanism) is tightening up regulations on previous credit risk models, 'innovative' banks are looking for new routes to achieve the same.
What *could* go wrong?
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-12-12 06:43:05
Author Public Key
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2023-12-12 06:43:05Event JSON
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