UK banks count cost of EU software capital reversal
Top UK banks’ solvency ratios would lose an average of 29 basis points from a reversal of European Union rules that allow investments in software to count as regulatory capital.
The average Common Equity Tier 1 (CET1) ratios of Lloyds, HSBC, Standard Chartered, NatWest and Barclays rose from 15.6% to 16% in the three months to end-December.
But a hefty chunk of this increase was the result of newly-enacted EU rules that stop software intangibles from being subtracted from CET1 capital – a
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] 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 [email protected]
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 [email protected]
More on Risk Quantum
Regulation
Esma weighs delay to review of repo reporting rules
Expectations grow that a review of SFTR scheduled for April will be postponed due to Covid
Receive this by email