The European Commission has ordered Greece, Italy, Poland, Portugal, Slovenia and Spain to implement bank-requirement rules and report back on their progress within two months. The EC warned that failure to comply with the terms of the Capital Requirements Directive 3 would result in the matter being referred to the Court of Justice. The directive covers remuneration policies and practices; capital requirements for resecuritizations; disclosure of securitization exposures; and capital requirements for the trading book.
