Global banks rejecting new risk assessment models

Major banks are lobbying against new risk-calculation models that are being developed by global policy makers, reports Financial Times.

The banks are hoping to “play on regulators’ fear of another flash crash in debt markets” by arguing the new rules will only increase the capital they need to run their trading businesses. Read more.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.