Banks worried Basel III will raise costs, survey finds

A new survey of Asian banks' attitudes to regulatory reform shows a worrying degree of uncertainty as well as concerns over compliance costs.

The Asia region and its banks may have dodged the full force of the global financial crisis, but the consequences of tightened financial regulations are only now beginning to unfold.

A recent survey of mostly retail and corporate banks from across the region conducted in September by KPMG and Oracle, shows that banks are most concerned with declining competiveness and the higher cost of capital with capital expected to become more difficult to secure. High compliance costs was also...

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