Basel III vs Dodd-Frank on ratings agencies and risk weights
Basel III vs Dodd-Frank on ratings agencies and risk weights
The disastrous twins, ratings agency credit ratings and RWAs (risk weighted assets), are still embedded in Basel III. Dodd-Frank does not like this much. The ratings agencies are still a big part of Basel III, though the December draft does allow for the alternative possibility of using bank-internal models for assessing credit risk. Alas, the very [...]
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