European Union Basel II/Cad 3 timetable remains tight
The European Commission’s plans to apply risk-based protective capital rules to banks in the European Union (EU) remain on a tight schedule following yesterday’s progress statement on the Basel II bank Accord by global banking regulators, a Commission spokesman said.
The Commission, which is the EU’s ruling body, wants to enforce capital adequacy rules closely modelled on the Basel II proposals on all banks and investment firms in the 15-nation EU from the time Basel II comes into force.
The Basel Commission confirmed today that it wants to introduce
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