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Message: <blockquote data-quote="Phani Sarma" data-source="post: 177326" data-attributes="member: 29092">The article seems paid only, so cant dissect through the details. But agree completely with Vertigo's response here.Standardisation of Models has been a prominent theme, and it would continue to be so. Lots of regulators have now switched to a kind of feedback mode - i,e they look for first set of numbers, and then work on top of it to make further tweaks - with an intention to only make the regulations tougher. As such, they dont seem to have a strict set of policies to be just implemented and be done with. From their perspective, it might be cos they dont want banks to see through and adapt to rigid rules. So they keep the framework flexible and evolving. Which only means, banks for past few yrs have increased emphasis on Reg - Strats.Its a different arguement, if the net $ spent is reduced since they can always have larger teams sitting in Low cost locations and have smaller.specific teams facing respective regulators. May be the article was hinting at this phenomenon.</blockquote>