The European debate on bank capital is not just about Europe

Nicolas Véron 04 May 2012

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The EU’s finance ministers are furiously debating the piece of banking legislation known as CRD4/CRR (the abbreviations stand for the fourth Capital Requirements Directive and the Capital Requirements Regulation). The measure is intended to implement the Basel III accord on bank capital, leverage, liquidity and risk management, which was adopted at the global level by the Basel Committee on Banking Supervision in late 2010.

There are two main unresolved issues.

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Topics:  EU policies International finance

Tags:  eurozone, financial regulation, BASEL III, Capital Requirements Directive, Capital Requirements Regulation