Planned global banking rules not balanced, need changes- EU’s Dombrovskis

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Planned global banking rules not balanced, need...
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A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be changed, the EU financial services commissioner said on Thursday.

The Basel Committee, a body of banking supervisors from nearly 30 countries, set the year-end as the deadline to conclude an overhaul of existing banking rules – known as Basel III – meant to make the sector safer.

But opponents, mostly in Europe and Japan, reckon the review goes too far, as they fear it disproportionately increases how much...


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Planned global banking rules not balanced, need changes- EU’s Dombrovskis


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Article Tags: planned, global, banking, rules, balanced, changes, dombrovskis,