EU adopts CRR quick fix in record time

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EU adopts CRR quick fix in record time

Tyler Davies
June 19, 2020 12:00 PM
European_Parliament_PA_575x375_190620
During the Covid19 crisis, the European Parliament in Strasbourg, continues to carry out screening on its premises. May 28, 2020, in Strasbourg, Northeastern France. Photo by Nicolas Roses/ABACAPRESS.COM | Roses Nicolas/ABACA/ABACA/PA Images

The European Parliament has voted overwhelmingly in favour of a series of temporary amendments to the Capital Requirements Regulation. The changes will offer banks capital relief during the coronavirus pandemic, including via a prudential filter for government bond exposures.

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