EACT Letter to Basel Committee on Reducing Variation in Credit Risk-Weighted Assets

The EACT has addressed a letter to the Basel Committee on Banking Supervision concerning the proposed review of banks’ use of internal models.

In the letter, the EACT seek to highlight concerns that the proposals, if implemented, would lead to a considerable increase in EU banks’ capital needs, and could therefore lead to significant price increases and withdrawal of certain banking products and services.

Click here to visit the read the letter on the EACT website.