CRD IV proposals do not deviate markedly from Basel III, says EC's Faull
Jonathan Faull dismisses suggestions CRD IV will lead to uneven application of Basel III
A senior European Commission (EC) official has dismissed suggestions the draft text of the fourth Capital Requirements Directive (CRD IV) is materially different from Basel III – despite certain discrepancies critics have claimed will lead to an uneven application of the rules across jurisdictions.
Speaking at the Eurofi conference in Wroclaw, Poland this morning, Jonathan Faull, director general, internal markets and services at the EC, argued that CRD IV – which will transpose Basel III into
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