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BBA: Tough regulation can put UK banks at a disadvantage, says Santander

The tough regulatory environment in the UK risks putting UK banks at a disadvantage compared to their foreign competitors, says Ana Patricia Botin, chief executive officer at Santander UK.

Speaking at the British Bankers’ Association conference today, Botin says UK regulation can create an environment that is stricter than in other countries and this could place UK banks at a disadvantage.

She says that capital requirements should be determined by considering the risk profile of individual banks and should be defined in the context of other regulatory measures such as liquidity.

Botin says we need to ensure that the impact of regulatory measures on competition is not too high.

She says: “We need to defend the principle that all UK banks, and all global banks, operate on a level playing field.”

When asked what she has found most surprising about the UK since moving here several months ago, Botin answered the regulatory environment.

Botin says: “I understand that the UK economy has suffered more than others in recent years, but we need to find the right balance and ensure competition is not jeopardised.”


FSA is missing the obvious by homing in on single problem

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“Stig’s grandfather makes a surprise appearance at Thruxton.” Alan Richards – Source Software

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

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