Yesterday, we analyzed the secondary-market impact of the Basel III “fundamental” rewrite of the global market-risk capital rules even as the FRB announced that the U.S. will next week finalize the Basel II.5 ones. This has led clients to ask about the differences between these two regimes and what will happen when under each of them. Here, we clarify the confusing outlook caused by this cascade of complex capital standards.

The full report is available to subscription clients.  To find out how you can sign up for the service, click here

 

.