EBA wants Basel to revisit prudential rules on software
Banking regulator set to soften capital impact of IT assets, but proposals are still out of line with US
Europe’s banking regulator is keen for standard-setters in Basel to develop a global regime for the prudential treatment of software assets, as the European Union prepares to ease its own rules on the topic.
A final draft regulatory technical standard (RTS) proposed by the European Banking Authority on October 14 will provide some capital relief to EU banks, but will remain significantly tougher
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