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UK tells banks to reform at cost of 7 billion pounds a year

London (Reuters)-Britain to bank its domestic retail business separately, and giving them the higher priority events in the reform aims to maintain a loan of taxpayer trouble, every year in 7 billion pounds of the potential costs.
In the "white paper" published on Thursday, the British also confirmed that the bank will need to hold capital buffer, or main absorb the loss of capital, equivalent to at least 17% of risk-weighted assets.
Placed upon them in Switzerland than any country except a tougher capital requirements. But the bank of international business will exemption rules, it hurt HSBC and standard chartered especially difficult.
British warned, the state's royal bank of Scotland 82% of the shares, the value of the 40% stake in Lloyd will reduce the $600 million and 900 million pounds in between.
The aim of reform is to avoid repeated financial crisis in 2008, the state had to spend more than 6 billion pounds taxpayer cash released on bail, its biggest lenders, two royal bank of Scotland and Lloyd.
Britain is the cost of reform estimated $400 million a year and 70 billion pounds of the bank. Earlier, us $350 million and 80 billion pounds of between influence.
"White paper" later, will be in the autumn of the draft legislation. Britain through the end of the congress to 5 month by 2015, Banks will need to measure, abide by the formal legislation in 2019.


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