Bafin weighing CVA charge despite European exemptions
Supervisors ‘should accept the legislation that the council and the parliament in their wisdom have decided upon’, warns MEP
Germany's bank supervisor is considering rolling back a Basel III capital exemption handed to European Union (EU) banks, angering politicians and corporate lobbyists who fought for the carve-out for more than a year. Other regulators, including the UK's Prudential Regulation Authority (PRA), are expected to weigh the same move.
The exemptions in Europe's Basel III legislation mean banks do not
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