3 ms·
I suspect it has more to do with accounting standards. After a certain % ownership you need to consolidate the entity in your group, which from a regulatory cap
by cm2187 4y ago
I suspect it has more to do with accounting standards. After a certain % ownership you need to consolidate the entity in your group, which from a regulatory capital point of view means consolidating all of the RWAs while not getting credit for all the capital in the entity.