Bowles calls for end to zero risk weighting for sovereign debt
Sharon Bowles MEP told a government bond conference held by the Association for Financial Markets in Europe (AFME) on October 21 that sovereign debt needed to lose its zero risk weighting.
Discussing a raft of eurozone repair measures at the conference, she told attendees: "The basic assumption that a sovereign can print money, so there is no nominal risk, underlies the Basel assumption of zero risk weight and this is a false assumption for a monetary union."
Bowles is chair
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