It is yet too early to assess the full consequences of the Basel Committee’s proposal. Nor is it possible to say whether it will be possible to take special national circumstances into account when the proposal is incorporated into EU regulation. Danmarks Nationalbank finds that the risk-based approach should be retained.
That is in line with the position of the Danish government and with your view. Therefore, we support the continued use of internal models for calculating risk-weighted assets. At least to the extent that the credit institutions have sufficient data for the use of such models to make sense.