European Commission unleashes region-wide capital requirement proposal
On Wednesday, the European Commission revealed its draft plans for changes to rules governing banking in the European Union, saying it hoped to "change the behaviour of the 8,000 banks that operate in Europe".
The basis of the proposal is putting the Basel III agreement on bank capital adequacy and liquidity into action in Europe. But crucially, the plans would cement the future levels of capital banks need to hold, as these plans are set out in the form of a regulation, which would limit the
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