Early December 2017, global financial regulatory authorities met within the Basel Committee. They gave their agreement to finalisation of the so-called “Basel III” prudential framework (see EUROPE 11921). Meeting at the Institute of Law and Finance in Frankfurt on Monday 29 January, stakeholders in the European banking sector took stock of these new prudential standards relating to the level of own funding to be held by banks for covering the risks to which they are exposed.
“It is...