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EU may waive banks' stable-funding rule amid global review, in draft compromise

( March 13, 2018, 17:21 GMT | Official Statement) -- MLex Summary: European banks would only report their long-term liquidity position, rather than having to meet minimum requirements for stable funding resources, until related global standards fall into place, under a proposal debated by national finance ministers. In an unsuccessful bid for a deal on banking rules today, Bulgarian officials leading the talks proposed compromises on requirements for big banks to hold subordinated debt to absorb losses in case of failure. The ministers also debated a German proposal to exempt some promotional banks from the rules.The full document is attached....

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