I suspect @British_Airways Executive Club Silver call centre is cheating. Stranded in Florence overnight due to fog and called for help to rebook via Pisa, got dumped 5 TIMES bc they “couldn’t hear me” when they got back from putting me on hold. calling this out as bs. +it hurts
@Christonab1ke The very *essence* of the latest standard is less risk-sensitive, by overriding in many areas the statistical models that Basel II introduced. The link between risk and regulatory capital is weakened
The financial stability benefits of implementing outstanding #BaselIII standards need to be locked in fully and consistently, as soon as possible because the next banking crisis can't be predicted, said Erik Thedéen, #BaselCommittee Chair @riksbanken@IIF https://t.co/5BncbZmim7
@odtorson Nice thread but I disagree with this specific point. Writing off a hybrid Tier 1 bond does not create regulatory capital (Tier 1 capital before = Tier 1 capital after), it just transfers wealth from noteholders to shareholders.
@MaiaBug2010 Not sure the service you’re describing is a legal necessity. Our kids have travelled several times as unaccompanied minors and no special arrangements applied, also friends visiting from abroad have sent their kids unaccompanied. The law is vague
@Christonab1ke@khaslett …using behavioural assumptions on maturity, it must be said. Indeed, the “structural hedge” is a bet on behaviour, not contractual term