Financial Services Financial Services

EU Basel carveouts are temporary but finding compromise will be difficult, McGuinness says

Carveouts in EU bank capital rules based on internationally agreed standards are temporary, but finding a compromise on deviations from the rules will prove difficult, EU financial services chief Mairead McGuinness has said.

The European Commission last autumn introduced a range of temporary carveouts from standards agreed upon by the Base

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Kathryn Carlson

Financial Services Correspondent, Europe

Kathryn is a correspondent leading EU financial services coverage for MLex in Brussels. She previously covered energy and trade as a reporter for MLex, and has written for Reuters and The Times of London among other outlets. Kathryn holds a degree in English Literature from the University of Oxford and spent time working in Italy and France before making the move to Brussels.

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