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Europe Daily Bulletin No. 10387

27 May 2011
Contents Publication in full By article 11 / 38
GENERAL NEWS / (eu) eu/finance
High degree of harmonisation sought for Basel III

Brussels, 26/05/2011 (Agence Europe) - The European Commission is pursuing its aim of introducing as much harmonisation as possible for bank solvency ratios (funding requirements), despite opposition expressed recently by seven member states (see EUROPE 10383). Bank funding requirements are covered by the Basel Committee's Basel III Agreement and a European source says they would be compulsory for a normal economic situation. Mentioning the danger of member states competing over the size of...

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