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Bank charges: Banks need more capital for FSA crackdown

Banks may need billions more in capital as the Financial Services Authority (FSA) investigates how they assess the risk of their lending.

Reuters reported that the FSA have been cracking down on the kind of risk models banks had in place to protect against future losses.

The FSA has become stricter in the past two months in terms of scrutinising the way that banks assess risks when lending money as Europe looks to implement standard guidelines for all banks.

These rules were suggested under Basel III, which have been drawn up in order to protect against another financial crisis. One of the suggestions under Basel III is that banks have a large amount of capital behind them in order to protect against losses from failed investments.

By paying more capital into banks this could cause further problems for the already suffering British economy, which has just had its credit rating downgraded.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801546346-ADNFCR

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