Wen, Zaiwen; Peng, Xianhua; Liu, Xin; Sun, Xiaoling; … - arXiv.org - 2013
Financial institutions are currently required to meet more stringent capital requirements than they were before the recent financial crisis; in particular, the capital requirement for a large bank's trading book under the Basel 2.5 Accord more than doubles that under the Basel II Accord. The...