Adopting all the compromise amendments negotiated by the main political groups, the European Parliament’s Committee on Economic and Monetary Affairs adopted its position on Tuesday 24 January on the legislative package - a Directive and a Regulation - aimed at finalising the introduction in the European Union of the international prudential standards known as ‘Basel III’.
As anticipated by EUROPE (see EUROPE B13104A9), MEPs believe that the output floor for banks using an internal...