The Basel Committee on Banking Supervision is proposing reforms to its framework for global systemically important banks (G-Sibs) after finding evidence of “window dressing”.
The committee said banks were making sizeable adjustments to their positions, particularly in derivatives, around the year-end – the moment data is collected to assess lenders’ systemic importance.
Research by the committee finds window dressing by G-Sibs accounts for around half of the observed year-end contractions in
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