Proposals would apply to “systematically important” firms with consolidated assets of US$50 billion or more
Banks will also face challenges as earnings growth is expected slow
More controls over Canadian financial services firms appear to be pending; this is mostly in light of continued volatility
Existing regulatory regime failed to fully capture all the activities of financial conglomerates during the financial crisis
A lack of clarity on the quality of capital may have contributed to uncertainty during the financial crisis
Rating action reflects challenges faced by the sector as a whole
Amendments intended to reduce administrative burden
Downgrades reflect the stronger headwinds facing the banking industry as a whole
Report describes why the FSA concluded that there was not sufficient evidence to bring enforcement action against Royal Bank of Scotland management
Replacing revenue will be difficult