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CommentDecember 8 2010

A question of definition

Regulators need to get their interpretations right if the industry is expected to stick to the rules. By Chris Skinner
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There are a whole load of things we are grappling with today, and not many people seem to know how to grapple with them well. There is a challenge, for example, regarding definitions.

Defining what is systemically important versus what is not. Defining what is commercial trade versus speculative. Defining appropriate levels of capital versus required levels of capital. Defining what trust means and more.

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