Bank losses highlight flaws in FSA capital measures
With UK banks Lloyds Banking Group and Royal Bank of Scotland (RBS) confirming massive losses for 2008 last month, plans by the UK Financial Services Authority (FSA) to loosen bank capital requirements have come in for heavy criticism.
RBS, majority owned by the UK government, announced full-year losses of £24.1 billion on February 26. The following day, Lloyds reported a pre-tax loss of £10.8 billion at HBOS, the bank it took over in January. Of this, £6.7 billion resulted from impairment
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Regulation
Regulation
A crypto CCP is still a CCP
For crypto infrastructure rules, regulators need speed before perfection, says former BoE adviser
Receive this by email