Since Dodd Frank Act prohibits banks to use credit ratings for calculation of regulatory capital, is it fair to say that no US bank uses standardized approach (since std. app. was largely based on external credit ratings?
Also, I am reading a recent "Revisions to the Standardised Approach for credit risk", December 2015 Basel publication.
The paper has different provisions for jurisdictions that allow/do-not-allow use of ratings for regulatory purposes. But US DF came in much earlier than this recent paper.
So, was all banks in US largely on IRB?
Also, I am reading a recent "Revisions to the Standardised Approach for credit risk", December 2015 Basel publication.
The paper has different provisions for jurisdictions that allow/do-not-allow use of ratings for regulatory purposes. But US DF came in much earlier than this recent paper.
So, was all banks in US largely on IRB?
