RTTNews - Monday, the British Bankers' Association or BBA welcomed the U.K. Financial Services Authority's Turner review which set out proposals to tackle the global banking crisis. But, the BBA expressed concern that the impact of its suggestions needed to be considered across the piece and not in isolation.
There is a danger that over-layering of multiple capital measures will constrain banks' ability to support lending to business and personal customers, the BBA said.
Further, the BBA found need for an immediate impact assessment to quantify the costs and benefits of the proposals set out in the discussion paper. Also, the BBA said more work should be done on the impact of the raft of different measures under consideration on the banks' ability to finance British businesses.
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