ECB flags concerns over new capital rules

ecb-frankfurt

Recent changes on capital requirement rules by the European Parliament will allow banks to exploit a loophole and offload their riskiest assets on the central bank's balance sheet, the European Central Bank (ECB) said on Friday.

The ECB said the new framework adopted by member states imposed different rules on asset-backed securities and covered bonds compared to the legislation it replaces, the Undertakings for Collective Investment in Transferable Securities (Ucits). This, the central bank sai

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