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I think so, Snoopy. The Basel 111 documentation seems to me to imply that if profit accounting for a subsidiary is included in a bank's published results then that subsidiary is also included in the capital requirements calculations. Happy to be corrected or confirmed on this.
Last edited by macduffy; 06-01-2017 at 12:14 PM.
Reason: Belated correction of "it" to "if" !
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