Capital One: banking on banking
Peter Schnall, chief risk officer of Capital One, talks to Mark Pengelly about the bank's acquisition of ING Direct in the US and the importance of retail funding
If Basel III works as intended, tomorrow’s banks will be far more resilient to the kind of liquidity squeeze that drove Northern Rock into the arms of the UK government at the start of the financial crisis. The new rules compel lenders to decrease their use of volatile, wholesale financing in favour of more stable funding sources, such as retail and corporate deposits. However, not everyone needed a crisis to recognise the danger.
“We figured out fairly early that the wholesale funding model for
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net