Brussels, 16/07/2013 (Agence Europe) - The CRD IV legislative package to increase the solvency of the 8,000 banks in the EU comes into force on Wednesday 17 July.
CRD IV, by means of a regulation and a directive, transposes the new global standards on bank capital (the Basel III agreement) into EU law (see EUROPE 10828). The new rules require banks, by 2019, to increase their top quality capital requirements from 2% to 4.5% of total capital; member states will be allowed to set stronger...