ABN Amro ready for impact of new global rules
Lender says Basel IV will affect its capital ratios but is confident of weathering the hit; its Q3 net profit jumps 11% to 673m euros
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Amsterdam
ABN Amro said it expects new banking regulations, dubbed Basel IV, to have a big impact on its capital ratios, but it would be able to weather the hit.
The stricter rules, which could be finalised in the next two months, are designed by the Basel Committee of banking supervisors to avert a repeat of the financial crisis and are set to put a much larger risk weight on mortgage loans.
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