Press Release: Council adopts new bank capital requirements

The Council on 20 June 2013 adopted a directive and a regulation amending the EU's rules on capital requirements for banks and investment firms. The decision was taken by a qualified majority of delegations, with the United Kingdom voting against.

The proposals set out to amend and replace existing capital requirement directives by two new legislative instruments: a regulation establishing prudential requirements that institutions need to respect, and a directive governing access to deposit-taking activities.

ESO: Background information: EU hails 'breakthrough' deal to cap bankers’ bonuses http://www.europeansources.info/record/eu-hails-breakthrough-deal-to-cap-bankers-bonuses/

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