I am trying to read up on "Wholesale credit risk ", but I can't find any useful references.
Why is the emphasis on wholesale?
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1 Answer
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The most obvious reason for emphasis on wholesale credit risk is because the term "wholesale" is linked to the Basel model taxonomy.
According to Basel Accord type capital adequacy standards, a bank must group its exposures into four categories to calculate credit risk-weighted assets. The Federal Reserve lists those categories as wholesale, retail, securitization and equity.
