EU finance ministers to hold new talks on global banking rules

EU finance ministers to hold new talks on global banking rules
 

France and Germany have persuaded their EU counterparts to discuss pending global banking rules at their next finance ministers' meeting amid concerns the bloc may refuse to sign on to the new regulations.
The Basel Committee, a body of banking supervisors from nearly 30 countries, set a December 2016 deadline to conclude an overhaul of existing banking rules known as Basel III. Opponents reckon the new rules go too far, including increasing what banks must hold in capital against risk.
European Union finance ministers agreed a common position on the reform in July calling on global... read more

 
28 September 2016 in Business, Views: 42
Source: Reuters
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