On Tuesday 11 October, the European finance ministers reiterated their position, which is that the finalisation of the so-called Basel III reform must not lead to any substantial increase in the capital requirements of banks for the European industry.
It is critical that the European countries sing from the same hymn sheet, said the president-in-exercise of the Ecofin Council, the Slovak minister Peter Kazimir. The French minister, Michel Sapin, said that a "clear, precise position,...