Barclays chairman warns about regulatory arbitrage

10/19/2009 | Financial Times (tiered subscription model)

Marcus Agius, chairman of Barclays, voiced concern that British regulators may hinder domestic banks if they implement overly harsh rules on bonuses and capital requirements while the US and other nations implement less strict rules. "The same principles will apply in different ways in different capital markets with different outcomes. This is a global financial system. It is fungible. So I am very concerned there should be a level playing field," Agius said.

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