Resources for Basel II Capital Accord (Basel II)

LSB advised by FSA to increase reserves under Basel II

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London Scottish Bank has been advised by the Financial Services Authority to increase its cash reserves under Basel II. The bank also says it intends to increase impairment provisions against certain customer account balances in arrears.The accounts involved are predominantly in the unsecured consumer credit branch business.

As part of the transition to the new Basel II regime the FSA has told LSB it must adopt an interim Individual Capital Guidance, which specifies the amount of regulatory capital it must hold.

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