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Application of banking 'output floor' is a red line, EU governments say in talks on Basel rules

By Kathryn Carlson ( March 14, 2023, 17:34 GMT | Insight) -- Application of the "output floor" for banks’ capital requirements is a "red line," EU governments insisted during the first final-stage negotiations on the EU's rollout of globally-agreed Basel Committee standards last week. A closed-door meeting between governments, lawmakers and the European Commission took place on March 9.Application of the "output floor" for banks’ capital requirements is a "red line," EU governments insisted during the first final-stage negotiations on the EU's rollout of updated global standards last week. ...

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