EU Banks May Get A Break In Basel III

Banks in the European Union may get a break on tougher capital requirements if a draft proposal on Basel III requirements is adopted, reports Financial Times.

Banks in the European Union may get a break on tougher capital requirements if a draft proposal on Basel III requirements is adopted. Under the draft legislation, yet to be officially released, banks in Member States will be able to count more of the capital in their insurance units toward the requirements and include hybrid capital for a longer period than mandated by the global standards adopted by the Basel Committee on Banking Supervision.

Click here to read the story from The Financial Times.