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Higher capital not fines, says RBS Americas head of op risk

Higher capital requirements would incentivise banks to fix their problems more than fines, says Craig Spielmann at RBS

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Regulators should start thinking about alternatives to fines, such as punishing banks with higher capital requirements in order to help remedy problems, says Craig Spielmann, head of operational risk for the Americas at RBS in New York.

The financial crisis has seen a move away from Basel II principles regarding capital, and this may be to the detriment of the industry, Spielmann warns. "Basel II

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