Basel II was initiated in 2004 and expanded capital requirements to include tenets tomaintainconsistency of banking regulations globally in respect to risk and capital management procedures.
Now that Teale has got the taste for international action, he knows that if he is to have a future with Scotland then he has tomaintain his consistency.
Eventually, the effort tomaintain historical consistency simply allows competitors to completely steal the business away with new products, creating a big revenue drop, or producing such low returns that failure is inevitable.