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Societe Generale CEO expecting higher capital requirements.

Global Banking News-21 September 2009-Societe Generale CEO expecting higher capital requirements(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 September 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Frederic Oudea, chief executive of France-based Societe Generale, (SOGN.PA) has indicated that the G20 meet would lead to more capital requirements for banks.

Oudea said he is watching the developments, and opined that higher capital requirements would be gradually introduced for banks, especially for their capital markets activities. He also said that there is 'no reason to increase capital requirements for lending activities.'

Oudea also said that banks should be regulated according to their liquidity management.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Sep 21, 2009
Words:133
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