After 12 hours of negotiations, representatives of the European Parliament and the Swedish Presidency of the EU Council reached, on the morning of Tuesday 27 June, a provisional political agreement on the finalisation of the introduction in the EU of the so-called ‘Basel III’ banking prudential standards.
The European Union is “a forerunner” and will apply the regulatory framework “faithfully”, Parliament’s rapporteur Jónas Fernández (S&D, Spanish) told EUROPE. In the...