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Tuesday, 16 July 2013

Banks not ready for CVA and counterparty risk elements of Basel III says Ernst &Young

From Bobsguide

“A survey of more than 120 senior traders and chief risk officers attending a London seminar entitled ‘Managing Counterparty Risk and Basel III’ purports to show that the majority of banks have Basel lll compliance projects underway but are still not ready for the credit valuation adjustment (CVA) and counterparty risk elements of the new capital adequacy regime.”

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