EU watchdog calls for applying Basel bank capital rules in full

Global bank capital rules should be applied in full across the European Union, the bloc's banking watchdog said on Monday, dashing industry hopes for leniency after a decade of intense regulation.

The European Banking Authority (EBA) published its recommendations to the EU's executive European Commission on implementing the final section of Basel III that was agreed in December 2017.
Basel, written by banking regulators from the world's main financial centres, is a core regulatory response to the financial crisis of 2007-09, forcing lenders to hold far more capital.
"The EBA supports the full implementation of the final Basel III standards, which will contribute to the credibility of the EU banking sector and ensure a well-functioning global banking market," the watchdog said in a statement on Monday.
"Against this backdrop, the credibility benefit the EU...

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