ECONOMY - FINANCE - BUSINESS / Banks

MEPs begin discussions on legislative package finalising introduction of ‘Basel III’ agreement in EU

Brussels, 20/04/2022 (Agence Europe)

In a first discussion in the European Parliament’s Committee on Economic and Monetary Affairs on Wednesday 20 April, MEPs generally said the legislative package to finalise the introduction in the European Union of the ‘Basel III’ agreement on prudential requirements for banks was a good starting point. The European Commission had submitted this legislative package in autumn 2021 (see EUROPE B12821A2).

The proposal on the table is “welcome”: it seeks to address the pro-cyclical...