CRR III hangs in the balance as member states push for changes
Top EU lawmaker rejects calls to water down capital rules, while others see room for manoeuvre
Advocates of the Basel III standards in the European Union are scrambling to respond to simultaneous efforts by large member states, central banks and lenders to water down new bank capital rules that only took effect in January.
A top EU legislator rejected claims from national governments that the rules are eroding the competitiveness of the bloc’s lenders, while a senior Italian regulator cautioned against using an upcoming impact assessment to reopen policy discussion around the bank capital
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