Corporate treasurers stated in a recent EuroFinance survey that adopting the Basel III requirements will adversely affect the performance of their corporations, according to FX-MM Magazine.

Data provided in the survey indicates that 61 percent of Western European corporate treasurers believe that the regulators responsible for the creation and enforcement of the requirements do not understand the impact of the new rules, the media outlet reports.

Although various industry insiders, including highly visible executives like J.P. Morgan chief executive Jamie Dimon, have expressed their opposition to the new rules, the survey indicated that Europe is particularly sensitive to the implementation of the new capital requirements, according to the media outlet.

While the Basel III regulations are intended to protect the economy as a whole, "many commentators now argue that Basel III will have a negative impact on the banks’ ability to lend to corporates, to fund trade finance and on risk management via OTC derivatives," Katharine Morton, managing editor at EuroFinance, told the media outlet.

Earlier in the month, consultancy Sia Conseil issued a report predicting that implementing the capital requirements will force banks to have four times as much capital to cover the risk of their investment banking units, Agence France-Presse reports.