EU regulators warn Basel III deviations could last forever
CRR III allows European Commission to extend transitional rules for SA-CCR
European regulators and a key lawmaker are wary of proposed powers for the European Commission that could lead to temporary capital relief for banks instead becoming permanent. That would also cause the European Union to deviate from capital rules agreed at the Basel Committee on Banking Supervision.
“It would be problematic in our view to open long transitions that we know are not easy to close in Europe, which would in the end become permanent exemptions,” said Isabelle Vaillant, director of
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