Banks welcome UK IMA eligibility test delay, but some want more
A temporary delay to one of two eligibility tests for use of internal models under the UK’s market capital rules has been welcomed by senior bank officials, though some urge the regulator to align with the US, which ditched the so-called Spearman test in its latest Basel III endgame proposal.
Ravel Jabbour, a former head of UK regulatory engagement at Goldman Sachs, described a recent proposal from
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