EU Agrees Tougher Rules On Banks ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
EU agrees new rules to underpin banking reforms rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a repeat of the 2008 financial crisis.The EU is the first major jurisdiction to implement the final elements of the reforms, ahead of other countries including the United States.
The European Union has agreed to implement internationally-agreed banking laws to prevent a rerun of the 2008 financial crisis, with a focus on banks following the collapse of US lenders earlier in the year. The regulations correspond to the Basel III reforms, ensuring adequate capital and liquidity.