Press Release: Commission proposes revision of bank capital requirements rules to reinforce financial stability

The European Commission put forward a revision of EU rules on capital requirements for banks that is designed to reinforce the stability of the financial system, reduce risk exposure and improve supervision of banks that operate in more than one EU country. Under the new rules, banks will be restricted in lending beyond a certain limit to any one party, while national supervisory authorities will have a better overview of the activities of cross-border banking groups. The proposal, which amends the existing Capital Requirements Directives, reflects extensive consultation with international partners, Member States and industry. It now passes to the European Parliament and the Council of Ministers for consideration.

European Commission: MEMO/08/599: Capital Requirements Directive - Frequently Asked Questions – http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/599&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: SPEECH/08/478: Capital Requirements Directive http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/08/478&format=HTML&aged=0&language=EN&guiLanguage=en

Single Market News, No.52 (2008): Revision of bank capital requirements rules proposed to reinforce financial stability http://ec.europa.eu/internal_market/smn/smn52/docs/bank_regulation_en.pdf

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

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