The chairman of Barclays has warned that Britain's banks will be damaged if regulators are too rigorous in their implementation of a global crackdown on bonuses and capital requirements while other nations, such as the US, are lax. "There is the real risk of regulatory arbitrage," Marcus Agius said in a video interview as part of the Financial Times's new series The Future of Finance. "The same principles will apply in different ways in different capital markets with different outcomes. This is a global financial system. It is fungible. So I am very concerned there should be a level playing field."
"There is the real risk of regulatory arbitrage," Marcus Agius said in a video interview as part of the Financial Times's new series The Future of Finance.
"The same principles will apply in different ways in different capital markets with different outcomes. This is a global financial system. It is fungible. So I am very concerned there should be a level playing field."
I think he should shut up lest too much noise remind us of this necessity. keep to the Fen Causeway
