As financial services firms converge, the range of products they offer naturally increases. The next task is to choose the best methods to most effectively manage risk and economic capital. This article, prepared under the auspices of the UK actuarial profession’s Action Group for Banking, looks at the various developments that occur as such convergence progresses.
First, we outline how significant regulatory capital arbitrage opportunities may exist due to the way the existing regula
The week on Risk.net, March 10-16 2018Receive this by email