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Europe Daily Bulletin No. 10131

4 May 2010
GENERAL NEWS / (eu) ep/financial services
MEPs warn against changes to bank capital requirements that will damage real economy

Brussels, 03/05/2010 (Agence Europe) - Andreas Treichl, the director of Austrian bank Erste Bank, said at a public hearing organised by the European Parliament's economic and monetary affairs committee on the increased capital requirements for banks on Monday 3 May that he feared decision-makers were unaware of the damage their reforms would do to the real economy. He said that the current rules did not differentiate among different types of bank and did not fit retail banks. Unlike...

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