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Europe Daily Bulletin No. 10872

22 June 2013
ECONOMY - FINANCE - BUSINESS / (ae) banking
EU27 approves bank capital requirements

Luxembourg, 21/06/2013 (Agence Europe) - On Thursday 20 June, the Council of the European Union endorsed the CRD4 package that increases bank capital requirements from 1 January 2014 and sets a cap on bank bonuses and variable pay. Only the United Kingdom rejected the package, which transposes into EU rules the Basel Committee's international Basel III agreement. It has not taken Europe as long to introduce the new rules, which in theory should have come into force on 1 January 2013, as the...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION