Sector Regulation Sector Regulation

EU banks to see tougher capital requirements based on Basel rules, official says

By Jack Schickler
  • 27 May 2021 11:41
  • 27 May 2021 11:41

EU banks will still see tougher capital requirements imposed in line with global rules, a senior European Commission official has said, despite protests about Covid-linked weaknesses and a push to rewrite the rules to fit the continent’s banking sector.

John Berrigan, lead official at the commission’s financial services arm, pledged to

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