Ten U.S. banks meet the proposed criteria to be core banks and thus would be required, under our proposal, to adopt A-IRB and AMA to measure their credit and operational risks, respectively. As they grow, other banks could very well meet the criteria and thus shift into the core group in the years ahead.
UK  -32 bp  USA  49 bp  Sovereign spreads  SPREAD ITA GER 10Y  80 bp.