BoE’s Jenkins examines severity of Basel regulations
Robert Jenkins, a member of the Bank of England's Financial Policy Committee, delivered a speech on July 10 in which he sought to refute claims by banks that Basel III regulations are too severe.
Speaking to the Worshipful Company of Actuaries in London, Jenkins said Basel III requirements for leverage caps were high, allowing banks to be 33 times leveraged, and argued that higher capital requirements need not imply reductions in lending. Furthermore, "the market is attaching relatively higher
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