QIS3Quantitative Impact Study 3
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In a comment letter to the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the Office of the Comptroller of the Currency, ICBA noted that the last quantitative impact study -- QIS3 -- generated more questions than answers and that no one is really sure of the competitive impact Basel II will have on the banking industry.
Likely benefit larger insurers with sophisticated internal models, as internal models are shown to provide for a 15% to 25% lower capital requirement than that by the standard formula of QIS3.