Basel Regulatory Commission Questions Large Bank Risk ControlsMark Melin
As an increasingly uncertain French election approaches – with the communist candidate now garnering 18% of the vote, according to polls out this weekend – Moody’s is out with a jarring report on deficient risk reporting systems utilized by the systemically important banks. Why are these two seemingly unrelated issues connected and so important? As previously reported in ValueWalk, if France leaves the euro currency there is potential for the bank’s non-cleared derivatives risk contracts to . . .
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