Hello,
Under Basel III, does the IRC include the CVA adjustments or are these treated seperately? I am reading some of this from Schwesser. The idea makes perfect sense but they do a TERRIBLE job at tying everything together.
It says that it is a stand alone charge, which sounds like the IRC, but never explicitly states that it is.
Thanks!
Shannon
Under Basel III, does the IRC include the CVA adjustments or are these treated seperately? I am reading some of this from Schwesser. The idea makes perfect sense but they do a TERRIBLE job at tying everything together.
It says that it is a stand alone charge, which sounds like the IRC, but never explicitly states that it is.
Thanks!
Shannon