Commission regrets strict internal capital rules
Figures from the banking sector and its regulators at the Institute of International Finance’s European Summit in Brussels this week attacked the severity of European rules on the capital that bank subsidiaries in host countries must hold.
The idea behind foreign subsidiaries having their own local capital requirements is to ensure that capital is there on hand in that jurisdiction in case of resolution.It reassures local “host” supervisors, who might worry that otherwise the bank’s “home” operations would soak up the available capital when a ...
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