MEPs agree on new tweaks to CRR ‘quick fix’

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MEPs agree on new tweaks to CRR ‘quick fix’

Tyler Davies
June 10, 2020 01:00 PM
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(200608) -- BRUSSELS, June 8, 2020 (Xinhua) -- European Central Bank (ECB) President Christine Lagarde (on screen) speaks during a hearing at the Committee on Economic and Monetary Affairs of the European Parliament via video conference in Brussels, Belgium, June 8, 2020. Christine Lagarde said Monday that the central bank's measures taken in response to the coronavirus crisis are proportionate to the severe risks facing its mandate. (European Union/Handout via Xinhua) | unreguser/Xinhua News Agency/PA Images

Members of the European Parliament have agreed on a series of temporary changes to the EU’s bank capital framework, including the introduction of a prudential filter for sovereign bond exposures. They stopped short of adopting amendments that would restrict the payment of additional tier one (AT1) coupons.

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