The slash-and-burn brand of derisking by big banks is not expected to deliver the end results regulators are looking for. Photo: AFP

Banks raise concern over shake-up to cut risk

Bankers point to fresh threat to industry as transactions leave system after big lenders end ties with smaller ones to lower compliance costs

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The slash-and-burn brand of derisking by big banks is not expected to deliver the end results regulators are looking for. Photo: AFP
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