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They learned nothing: The Bank of England is already pushing for more banking deregulation

Even though the Basel banking-regulations are adhered to by all European banks, England’s largest banks have special permissions to use custom “bespoke” models when calculating their loan-loss reserve requirements rather than the standard Basel risk-weights that smaller banks are forced to use. What does this mean?  It means large UK banks have an enormous advantage over smaller banks as they don’t […]

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