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EU's Basel bank deviations a ‘concern,’ Pablo Hernández de Cos says

( April 26, 2022, 16:07 GMT | Official Statement) -- MLex Summary: It is a concern that the EU bank capital package includes proposed deviations from the standards agreed at the Basel Committee on Banking Supervision, the committee’s chair and Governor of the Bank of Spain said today. Pablo Hernández de Cos said at the City Week conference today that transitional arrangements in the European Commission’s proposal to implement Basel Committee standards are “unfounded from a financial stability perspective” and “could trigger a race to the bottom.”Speech attached....

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