Banks Forced to Spend 'Precious' Capital to Comply with Regulation
Regulations such as the capitalization rules set forth in Basel III are causing banks a headache as they struggle to equip themselves with an arsenal of new technology to comply, according to Bob Park, CEO and founder of Vancouver-based pricing and analytics vendor Fincad.
Not only is the sheer investment required in technology proving expensive, but by limiting banks’ abilities to use leverage and forcing them to allocate greater amounts of capital to trading and securities lending, Park says
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