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EC Statement: Commission wants stronger and more responsible banks in Europe

( July 20, 2011, 10:26 GMT | Official Statement) -- MLex Summary: The European Commission has proposed measures to implement the Basel III global bank capital standards for more than 8,000 banks in the EU. The changes would lift minimum requirements and encode capital formulas into directly binding regulations, while tightening supervision within a directive that must be cast into national law.The EC statement follows in full. Click the attachments bottom for further details in a question-and-answer memo plus impact assessments and provisional versions of the legislative text....

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