Turner Review: FSA will force banks to shore up capital buffers
The UK Financial Services Authority's chairman Adair Turner has outlined proposed new capital rules for UK banks, which would see minimum capital levels based on balance sheet growth or full-cycle loan book risk.
In the long-awaited Turner Review of global banking regulation, the regulator recommended that banks should build up capital buffers as a move towards countercyclicality. The size of the buffer would be calculated either on a discretionary basis by regulators or through a formula-driven
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