EU Parliament creates multiverse of SA-CCR outcomes
Some MEPs want to ease rules further than EC draft; others want return to undiluted Basel text
The final European Union approach to a key piece of bank capital regulation governing the treatment of derivatives trades has become highly uncertain, after members of the European Parliament tabled a range of contradictory amendments for debate.
The rule, known as the standardised approach to counterparty credit risk (SA-CCR), is part of a package of measures proposed by the European Commission in October 2021 to implement the final Basel III framework agreed by the Basel Committee on Banking
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