No risks please, we are bankers. That could be the unhappy outcome if regulators continue to pile the pressure on banks without appreciating that banking is about assessing and taking risk.
A recent survey of bankers, conducted by the Institute of International Finance together with professional services association Ernst & Young, revealed that 65% of respondents were evaluating their portfolios, 30% exiting lines of business, and 13% packing up and leaving entire countries. Basel III’s capital and liquidity requirements are key to this reassessment.
