ABN Amro ready for impact of new global rules

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.