Economy/Finances: provisional agreement concerning the capitalisation of banks
7th May 2012On 2nd May the 27 Economy and Finance Ministers looked into the amendments put forward regarding the CRD4 package that involves capital requirements for banks and investment companies. The aim is to transpose rules adopted by the G20 in November 2010 into European legislation and to complete talks on the new regulatory framework of the banking sector, the so-called Basel III that is gradually to be set in place as of 2013. Before sending the subject for consideration by the European Parliament the 27 must define a common position on the future shape of the European banking system, which comprises 8,200 establishments. Ministers decided to look into the subject again on 15th May after having made some technical checks.
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