Proceeding contribution from Lord Eatwell (Labour) in the House of Lords on Tuesday, 26 February 2013. It occurred during Debates on delegated legislation on Bank of England Act 1998 (Macro-prudential Measures) Order 2013.
Bank of England Act 1998 (Macro-prudential Measures) Order 2013
Before the Minister sits down, perhaps we could go back to how an increased level of risk is to be specified by the FPC. Is that to be specified as a change in risk weights in old-fashioned Basel I structures, or is it to be specified as a modification of the value at risk models used by the financial institutions? If it is the latter, are we moving away from the ability of institutions to use their own value at risk modelling towards a standardised model?
Secondary information
- Type
- Proceeding contribution
- Reference
- 743 c148GC
- Session
- 2012-13
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Financial services Financial markets Mutual societies Regulation Financial Services Compensation Scheme Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority
- Legislation
- Bank of England Act 1998 (Macro-prudential Measures) Order 2013
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-12-20 03:41:45 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Lords/2013-02-26/13022698000154
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