Moody's not keen on BIS proposal

The BIS is mulling over a radical change that would put enormous pressure on the rating agencies.

The Bank for International Settlements BIS may change the way banks assess the riskiness of their loans and how much capital needs to be allocated√°against them. At the FinanceAsia Asian Debt Conference yesterday, Deborah Schuler of Moody's confirmed that the BIS was yet to make a decision on this point but was considering using credit ratings such as its own as the basis for the new system.

Currently, a rigid system exists for allocating capital against a loan...

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