RE: Lets discuss FCA!9 Oct 2019 10:16
At the risk of opening another discussion, which is not intended, My understanding was that the Bank followed EU guidance levels of RWA for the book rather than BOE levels. On these types of assets the BOE diverged from EU parameters. The issue is it shouldn’t have happened with the right controls and people in place. But it would feel more of an honest error rather than orchestrated plan.