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Regulating market risk in banks : a comparison of alternative regulatory regimes (Английский)

The author evaluates three approaches to regulating market risk in banks on the basis of efficiency, competitive neutrality, and effectiveness in regulation. Each approach is judged on how well it fulfills the aims of regulation without overburdening the financial system with the cost of regulation. The three approaches are the building bloc approach where separate capital requirements are determined for each of four major market risk categories and...
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