Brussels stiffens bank capital requirements

Banks will face tougher requirements on what capital they must hold to support their operations under new rules announced by the European Commission on the 1 October 2008. Supervisory arrangements for those with cross-border operations in Europe will also be strengthened.

EurActiv, 2.10.08: EU unveils cautious plans to respond to banking crisis http://www.euractiv.com/en/financial-services/eu-unveils-cautious-plans-respond-banking-crisis/article-175953

European Commission: Press Release: IP/08/1433: Commission proposes revision of bank capital requirements rules to reinforce financial stability http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1433&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Internal Market and Services: Banking: Regulatory capital http://ec.europa.eu/internal_market/bank/regcapital/index_en.htm

Deutsche Welle, 1.10.08: EU Calls for Tougher Rules to Fix Crippled Financial System http://www.dw-world.de/dw/article/0,2144,3683851,00.html

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