EIB worries it could be drawn into banking rules
The European Investment Bank (EIB) asked the EU Commission to keep its exemption from EU banking regulation, in a letter sent on January 12.
National promotional banks are exempted from the EU Capital Requirements Directive (CRD), the main plank of European banking regulation. But the EU Commission, in a regulatory package unveiled in November, said that these banks should follow an “alternative framework of prudential requirements and supervision”.The EIB is ...
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