BBA’s Knight: regulatory arbitrage a 'considerable risk'

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The different speeds at which national and international authorities are making changes to regulation of the financial system represents a threat to the industry, the chief executive of the British Bankers’ Association (BBA) has told Risk. Speaking from the industry association’s annual supervision conference in London yesterday, which was closed to the press, Angela Knight said delegates were concerned the UK was jumping ahead of international regulators both on liquidity and com