Royal Bank of Scotland Archives - FinanceFeeds

Royal Bank of Scotland

Industry News, Institutional FX

Undercapitalized Tier 1 banks which restrict credit to the FX industry are a law unto themselves, crackdown on CEO salaries begins

RBS and Barclays, two very large FX dealers, are undercapitalized according to the Bank of England. If that’s the case, why doesn’t the regulator put a stop to them holding prime of primes to task on capital requirements when they don’t adhere to their own stipulated capital bases, and instead of shaving the remuneration packages of CEOs, make them responsible for putting this right?