EU Regulation Change set to Leave Financial Services With a €600bn Shortfall
LONDON, November 5, 2014 /PRNewswire/ --
A recent PEX Network article figure shows that Basel III will cost banks €600bn. Although written about heavily the cost of the impending regulatory change has been largely speculated.
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Research shows most banks currently exceed the new requirement of a 7% solvency rate. However, the definition of Regulatory Capital and Risk Weighted Assets (RWA) has changed, leaving banks with an estimated €600bn cost to overcome.
Further costs will come to the financial services through Ring-Fencing and Solvency II. The legislation, among other things, demands far more stringent and detailed reporting than has previously been required from the financial services.
Copies of the full article can be downloaded free here >>>> http://bit.ly/10p3H6x
Heads of Operational Excellence from financial services companies across Europe will come together in London at the beginning of December to network, brainstorm and map their transformation plan for the upcoming year to address their current stakeholder challenges. Take a look at the full discussion topics and attendee's here >>> http://bit.ly/1up7a21
http://www.operationalexcellencefs.com/
SOURCE Operational Excellence in Financial Services
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