ALM Europe: Basel II move "a traumatic event"
Echoing concerns about the burden of new regulations on a struggling banking sector, Ian Tyler, Tesco Personal Finance's treasurer, said that introducing Basel II capital adequacy rules at the bank had been "a traumatic event".
Speaking today at the Risk ALM Europe conference in London, Tyler warned: "There is no question that regulatory risk has increased with Basel II - banks have to have a lot more contact and dialogue with their regulators."
The Basel Committee's quantitative impact studies on the effects of the new rules found that they would on average produce a 26% reduction in capital requirements. But retail banks could find the reverse, Tyler said: higher expected loss rates for some parts of their business
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