EU Cad 3 paper delayed to mid-November
BRUSSELS – The European Commission hopes to issue an update on progress with its complex third bank capital adequacy directive (Cad 3) in mid-November, a delay to its original plan to publish a paper in late October, a commission spokesman said today.
The commission, the ruling body of the European Union (EU), wants apply Cad 3 from the same date to all banks and investment firms in the EU, which by then could comprise 25 member countries compared with the present fifteen.
The Cad 3 working paper will be a follow-up to the overview of
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