European regulator holds crisis talks


The European Banking Authority (EBA) held unscheduled talks on Friday to review the capital standards of Europe's largest banks as the sovereign debt crisis sweeps across the region.

Reports on Friday suggested that the new European regulator, which replaced the Committee of European Banking Supervisors in January, was holding "crisis talks" at its office on London. The EBA could not be reached for comment. However, a calendar on the regulator's website shows no meeting was officially scheduled

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