L to R: Stefan Ingves and Central Banking’s Christopher Jeffrey
The remedy of rate of interest danger ought to “in all probability” be included beneath the necessary regulatory framework, or Pillar 1, of worldwide financial institution capital guidelines, in keeping with Stefan Ingves, former chairman of the Basel Committee on Banking Supervision.
Ingves, who was instrumental within the introduction of the Basel III Accord, stated there was “no urge for food” to “cope with rate of interest danger” within the 2010s – the interval when the Basel guidelines had been upgraded within the aftermath of the worldwide monetary disaster. As
