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New survey of 20 leading EU banks out today from Nomis Print E-mail
Wednesday, 24 September 2014

Nomis today has published the findings of an audit of deposits and lending managers from Europe’s leading banks.

Key findings include:

♦      Over 50% of the banks surveyed now see regulation and profitability as their main challenge. This is a complete contrast to pre-crisis surveys.
♦       50% of banks surveyed did not consider themselves highly or very prepared for Basel III regulation.
♦       77% of banks are not highly prepared for any form of central bank base-rate increase.

Damian Young, Director of banking Services EMEA at Nomis commented :
 
“The purpose of this perception audit was to benchmark relative preparedness for change across the banking sector. The responses show an eye-opening shift in priorities and a varying degree of preparedness for imminent challenges. Without a focussed acceleration of change, banks will find themselves unprepared for rate increases and incoming regulations such as Basel III—potentially the most significant piece of banking regulation in history.”

(Source - Nomis Solutions Press Release)
 

 

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