FSA paper hints at Basel trading book reform

Author: | Published: 22 Sep 2010

The UK Financial Services Authority’s (FSA) discussion paper on trading book reform provides valuable clues on what the Basel Committee could deal with in its next set of guidelines.

“Basel hasn’t looked at what could be done in detail yet,” said Vincent Baritsch, head of the group prudential policy at RBS. “But that hasn’t stopped the FSA from coming up with a paper, which is a useful pointer...