Recently re-listed Dutch bank reported a 32% drop in profits for fourth quarter
ABN Amro said on Wednesday it has asked
bank regulator the Basle committee to change its interpretation
of the much-maligned leverage ratio after reporting its own
ratio below a target set by the Dutch state.
The Dutch bank has written to the
committee, together with other affected parties, arguing the
draconian rules for leverage ratio calculation could be
interpreted in a different way. The Basel committee has
answered and plans to issue a consultation in one or two
months, according to the bank.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.