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EBA seeks to align systemic-bank rules with Basel framework, not copy them

By Sebastian Chrispin ( February 3, 2014, 16:33 GMT | Insight) -- The European Banking Authority intends to bring EU rules on systemically important financial institutions into alignment with global guidelines, an EBA official said today. But it won’t simply copy them, he said. At a hearing in London, EBA officials said their toughest task was to ensure that their rules square with a framework on systemically important institutions drawn up by the Basel Committee on Banking Supervision.The European Banking Authority intends to bring EU rules on systemically important financial institutions into alignment with global guidelines, an EBA official said today. But it won’t simply copy them, he said....

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