EU banks' hopes of break from global capital rules dashed by commission

20 June 2019 4:52pm
New rules agreed in December 2017 by global standard-setters in Basel are the latest round in a wave of post-crisis regulation intended to ensure banks can weather a crisis without being bailed out by taxpayers.

The new framework requires EU banks to hold an additional 24.5 billion euros ($27.5 billion) in capital, the bloc’s banking authority said in October 2018.

Many banks also argue it would put European small-business lending at a disadvantage.