‘Basel Takes on Interest Rate Risk,’ International Financial Review

“There is an acknowledged split, but the members have agreed to this proposal,” said Mayra Rodriguez Valladares, managing principal of MRV Associates.
“Now that they have come up with a proposal, it’s very clear that they are serious. Not having banks strictly measure the potential unexpected losses due to interest rate risk is a big deal in an environment where interest rates are at historic lows globally.”

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