Brussels, 03/03/2015 (Agence Europe) - The Commissioner for Financial Services, Jonathan Hill, aims to analyse the cumulative impact of the prudential banking rules.
“This summer, I will launch a consultation on the impact of the capital requirements regulation on lending to corporates and on long-term finance, with a specific focus on SMEs”, the Commissioner told the sixth convention of the cooperative banks of Europe, on Tuesday 3 March. He assured the cooperative banks and savings banks that the Commission's actions would be based on the principles of “differentiation” and “proportionality”. Amongst other things, as regards the question of introducing an obligatory liquidity ratio in the EU, which will be decided upon by the end of 2016, Hill gave his word that any decision would take account of the diversity of banking models in Europe.
Taking stock of the so-called 'level II' measures aiming to implement the principles laid down in the 'CRD IV' legislative package, the Commissioner said that more than half of this work had been completed and hopes that the work would be out of the way by the end of 2015. (Mathieu Bion)