Brussels, 23/03/2016 (Agence Europe) - On Wednesday 23 March, the Council of the EU reached an agreement to extend, from the end of 2017 to the end of 2020, the exemptions to certain banking prudential rules for commodity dealers.
Under Regulation 575/2013 ('CRR') listing the prudential requirements applicable to credit establishments and investment companies, commodity dealers already have a derogation, until the end of 2017, to the prudential rules on major risks and own funds. The...