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Image header Agence Europe
Europe Daily Bulletin No. 13210
ECONOMY - FINANCE - BUSINESS / Banks

European Parliament/EU Council agreement on finalising introduction in EU of ‘Basel III’ agreement

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...

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