FSA could cost banks £5bn
LONDON - Implementing the new liquidity risk requirements laid out by the Financial Services Authority's (FSA) Turner Review could cost banks as much as £5 billion.
Adair Turner, the FSA's chairman, set out plans last Wednesday (March 18) to reduce banks' risk-taking, forcing them to hold more capital and increase their holdings of liquid assets and cash, including government bonds.
The regulator's cost-benefit analysis of proposed liquidity risk management rules, published in December, which
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