EU Commission proposes a review of bank capital requirements - RTRS
The EU Commission came out with a latest bunch of new regulations for the banks on Wednesday, proposing tighter capital requirements.
Key Headlines via Reuters:
Proposes a review of bank capital requirements, adoption of global rules with tweaks
Proposes a 3% binding leverage ratio to reduce bank excessive lending
Proposes binding net stable funding ratio at minimum 1005 over 1 year to reduce bank over-reliance on short-term funding
Tighter capital requirement for bank market risks to be phased in beyond 2019 global target set by global regulators
Proposes changes to calculation of capital to be held by banks to respect large exposure limits
Proposes to give more powers to watch dogs to freeze payments of banks that may not hold enough buffers to absorb losses