Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective. Read more. http://www.istockphoto.com/photo/euro-symbol-in-front-of-the-european-central-bank-39484324?st=5d1af99Â
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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