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EBA withdraws temporary capital increase linked to eurozone crisis

( December 18, 2014, 12:53 GMT | Official Statement) -- MLex Summary: The European Banking Authority has repealed its recommendation for a temporary boosting of minimum capital requirements, which was an initiative to help banks overcome concerns about their vulnerability to government debt crises in several countries using the euro. EU banks now largely meet the Basel III standards being phased in, which was the basis of the recommendation (see here), the EBA said.Full text of the statement follows: ...

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