Abstract
I am delighted to be here today to give you a personal perspective on some of the issues that are likely to arise in implementing the Basel market risk package over the coming months and years. In some ways this project is like a forward contract: although the time for implementation has not yet arrived, we can nevertheless use current information from the market to estimate with some confidence the most likely outcome in the future. Before I start on the details however, I’ll make some preliminary remarks.
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© 1999 Springer Science+Business Media New York
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Smout, C. (1999). The Implementation in the UK of the Basel Accord Regarding Market Risk. In: Galai, D., Ruthenberg, D., Sarnat, M., Schreiber, B.Z. (eds) Risk Management and Regulation in Banking. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5043-3_9
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DOI: https://doi.org/10.1007/978-1-4615-5043-3_9
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