Basel III 'constrains' ANZ in Asia: Hodges

Lender's deputy chief executive says risk of 'regulatory fragmentation' is real.

Australia and New Zealand Banking Group Ltd deputy chief executive Graham Hodges says the bank's Asian operations are facing regulatory constraints from the Basel III rules, The Australian reports.

"The risk around regulatory fragmentation is real, and it's the banks that are sort of caught trying to do that international model that are probably more at the centre of that," he said, according to the newspaper.

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