CRD IV proposals clarify European banking
In its much anticipated CRD IV proposal, the European Commission has shown how it interprets Basel III and ended speculation over how the rules will be applied to the continent’s 8,000 banks, proposing the key aspects as a regulation rather than a directive.
The proposal is the most detailed of three major regulatory announcements this week, and comes just days after a large scale release of bank data with the European stress tests.
Michel Barnier, European commissioner for the internal market and services, said on Wednesday the commissions document would have
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