The Czech Presidency noted on Tuesday 8 November that there is political agreement in principle (‘general approach’) in the Council of the European Union on the legislative package - a regulation (CRR III) and a directive (CRD VI) - which finalise the integration into the European Union of the 2017 ‘Basel III’ Accord strengthening banking prudential rules (see EUROPE B13055A6).
“I know how much this complex and important legislative package has required compromise from all of...