WHEN HSBC CHAIRMAN Stephen Green recommended in mid-May that global bank regulators impose “quite swingeing increases [in capital requirements] that really do concentrate the minds of management and lead to a scaling back of inappropriate amounts of risk taking in the trading book” he was speaking in his capacity as chairman of the steering committee on regulatory capital for the Institute of International Finance. But his words might just as well have come from any member of the Basle Committee on Banking Supervision.
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