Sunday, November 3, 2024
8.1 C
Brussels

EU to delay core element of Basel bank capital reforms by one year


By Huw Jones

LONDON (Reuters) -The European Union will delay a core element of global reforms to bank capital rules by one year to January 2026, the bloc’s financial services chief said on Tuesday, to ensure a level playing field between EU banks and their U.S. rivals.

Countries are introducing the last batch of a global bank capital accord known as Basel III, rolled out after taxpayers were forced to bail out lenders in the global financial crisis of 2007-09.

EU financial services commissioner Mairead McGuinness, said it was becoming clear the United States would not be able to meet its…



Source link

Hot this week

Most Popular

Quality of life indicators – overall experience of life

EU citizens were rather satisfied with their lives...

Orbán’s new right-wing group hits EU parliament threshold – Euractiv

Hungarian premier Viktor Orbán’s fledgling political movement attracted...

Related Articles

Popular Categories