EU moves to finalise CAD


Brussels -- With 130 responses to its latest draft of the capital adequacy directive (CAD) now in hand, the EU Commission is looking to make the directive into law.

More than 1,000 investment firms and exactly 9,322 banks will be implementing the EU’s CAD, according to Patrick Pearson, head of banking and financial conglomerates unit of the internal markets division of the EU Commission.

Speaking at the 12th annual City of London Central Banking Conference in mid-November, Pearson also noted that

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