(1) Secondly, we need to add the capital charges.

(2) Thirdly, there is the issue of how precisely capital charges will impact on the funds that DHAs actually receive.

(3) This implies that capital charges will go right down to the departmental level in the budgetary control system.

(4) Quite simply the basic case for capital charges has not been made.

(5) Capital charges will therefore impact on the distribution of revenue funds to health authorities.

(6) Secondly, the capital charges are to include depreciation and an interest element.

(7) It may also be possible to vary capital charges to prod banks to shrink, improve liquidity and, yes, curb pay.

(8) New capital charges, meanwhile, have created barriers to entry for new firms.

(9) The Basel Committee has already proposed higher capital charges for complex trading and exotic securitisations.

(10) SME lending, which attracts higher regulatory capital charges, is especially sensitive in Europe(http://), where most employment is by smaller businesses.

(11) But that will depend on future capital charges for cleared and uncleared assets and the precise structure of trading venues, which are still not known.

(12) Where the capital charges is the minimum acceptable rate of return.

(13) But it is not about to rest on its laurels. Liu said China may introduce counter-cyclical capital charges -- a model for which Spain is best known -- if the economy begins to overheat.

(14) But there in lay their weaknesses also. Banks soon started to favour business that was profitable (ie, risky) but which, under Basel 1's crude definitions, escaped the appropriate capital charges.

(15) Other banks may be forced to rejig their investment-banking arms as the impact of higher capital charges proposed under Basel 3 rules begin to bite.

(16) There is a story that near the end of his life, Aristotle was himself brought up on capital charges, as was Socrates, due to another wave of hostility to philosophy.