(2021), “A new strategy for a changing world“, speech at the virtual Financial Statements series hosted by the Peterson Institute for International Economics, Frankfurt am Main, 14 July. 3 See also Schnabel, I.
Such pressures must be resisted, as supervisors throughout the world work together to develop a more accurate standard that is sufficiently rigorous and that accomplishes our common goals. We want a capital structure that is risk sensitive; until we have more experience with the new approach, however, prudence argues against a wholesale reduction in aggregate capital levels.