EU Parliment Press Release: From 1 January 2014, EU banks will be stronger. Changes voted by Parliament on Tuesday will cap banker’s bonuses to curb speculative risk-taking, step up capital provisions to help banks cope better with crises and stiffen supervision. This EU banking reform package, the most comprehensive so far, should also spur growth, […]
The Council of the European Union “broadly endorsed the outcome of the most recent political trilogue with the European Parliament on the so-called CRD 4 package amending the EU’s rules on capital requirements for banks and investment firms” and put forth proposals to incorporate Basel III in to EU law.
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