BPFI paper reveals Irish banks’ hostility to new global trading regulations
A new position paper from the Banking and Payments Federation of Ireland shows that the banks argued the rules would require them to hold far more capital than their global peers, limiting their ability to lend
Irish banks warned that they and their European peers would be disproportionately affected by new global banking regulations, a position paper drawn up by the lenders’ lobby group shows.
The banks argued that the rules would require them to hold far more capital than their global peers and would therefore limit their ability to lend to customers.
The Basel III rules on capital standards have been designed to reduce risk across the global banking sector ...