The Chair of the ECB’s Supervisory Board of the Single Supervisory Mechanism (SSM), Andrea Enria, said, on Thursday 14 October, that it was of “paramount importance” that the outstanding standards of the ‘Basel III’ agreement on bank capital requirements are implemented “in full, and in a timely and faithful manner", as the European Commission is expected to present a specific legislative proposal on Wednesday 27 October.
The forthcoming legislative package is “somewhat more...