Banking package stands on cusp of final approval

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Banking package stands on cusp of final approval

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European Union flag painted on tiled street floor and shadows group of people walking at sunny day. | robsonphoto - stock.adobe.com

The European Union is just centimetres away from signing off on a long-awaited revamp of its prudential capital rules for banks, after EU ambassadors gave the green light on Friday to texts agreed by the Council and Parliament at the end of 2018.

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