IT GRC Forum

FacebookJoin our Linkedin Group!Follow us on Twitter!Subscribe to our Feeds!
Click on the slide!

Best Practices for eGRC

Live Webcast!             Join us as we identify the best practices for eGRC program implementation

Click on the slide!

Securing Payments in 2015

On-Demand               Play now and learn how to implement EMV, End-to-end encryption (E2EE), and Tokenization.

Frontpage Slideshow (version 2.0.0) - Copyright © 2006-2008 by JoomlaWorks
E-mail

Fitch: Banks could need extra $566bn in capital

May 18, 2012 - Major banks across the world could need to raise an additional $566 billion in capital in order to comply with the new Basel III regulations.

That is according Fitch Ratings, which has published a new report today (18 May) that questions the ability of financiers to meet the requirements laid down in these updated rules.

The agency indicated that, at present, a group of 29 "global systemically important financial institutions" - such as Barclays, HSBC and Lloyds Banking Group - are significantly below the level of tier 1 capital they will need to retain as of the beginning of next year.

"Basel III creates potential incentives to reduce expenses further and to increase pricing on borrowers and customers where feasible," Fitch added.

With this in mind, the group noted the banks will have to consider taking measures such as reducing pay and bonuses and increasing charges attached to customer loans and deposits.

Trackback(0)
Comments (0)add comment

Write comment

busy