Sir Peter said: "We need a wider interpretation of the definition of 'occupational requirement', " adding that currently, if chief constables wanted to recruit officers who had an understanding of a particular national or ethnic group, they had to "dance on a legal pinhead" to do so.
For example a US Treasury would have a very low risk weighting while Mortgage Backed Securities backed by subprime loans would by definition imply a higher risk weighting and thus a higher capital requirement.