EU will lose trust if it deviates from Basel banking standards, ECB’s Enria says
By Fiona Maxwell ( October 14, 2021, 10:18 GMT | Insight) -- The EU should give up suggesting that it will make changes to international banking standards agreed at the Basel Committee on Banking Supervision in order to avoid losing trust from regulatory peers, the ECB's supervisory chairman said today. The bloc could instead focus its efforts on a longer phase-in to give banks more time to raise the extra capital needed, Andrea Enria said.The EU should give up suggesting that it will make changes to international banking standards agreed at the Basel Committee on Banking Supervision in order to avoid losing trust from regulatory peers, Andrea Enria said today....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.