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EU talks on Basel updates see ‘output floor’ issue put on ice as governments, lawmakers fail to agree

By Kathryn Carlson ( April 21, 2023, 15:10 GMT | Insight) -- The vexed issue of an "output floor" in calculating capital requirements for banks has been "parked" by EU governments refusing to budge in negotiations with European Parliament lawmakers, MLex understands. The EU's three legislative institutions held a second meeting on April 18 in their process of finalizing the rollout of globally agreed Basel banking standards, with the output floor proposal remaining contentious but other issues seeing movement.The vexed issue of an "output floor" in calculating capital requirements for banks has been "parked" by EU governments refusing to budge in negotiations with European Parliament lawmakers, MLex understands....

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