Skip to main content

Regulator urges UK banks to look hard at EU capital proposals

LONDON – UK banks should look hard at a draft text of European Union (EU) capital rules that the European Commission plans to issue around the end of October, the UK’s senior financial regulator said today.

Bankers should comment on the draft sooner rather than later, Financial Services Authority (FSA) chairman Howard Davies said. The FSA is the UK’s chief financial market watchdog.

The commission plans to publish a paper on progress with its third capital adequacy directive (Cad 3) about a month after the Basel Committee on Banking Supervision issues key documents relating to the complex Basel

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Want to know what’s included in our free membership? Click here

Show password
Hide password

Most read articles loading...