Calls for FSA to clarify CRD


The financial watchdog released its draft handbook on March 7, outlining its interpretation of the directive, which is intended to implement the details of the Basel II Capital Accord across the European Union. Five UK financial services associations – the British Bankers' Association, the Council of Mortgage Lenders, the European Securitisation Forum, the International Swaps and Derivatives Association and the London Investment Banking Association – released their comments on the draft in mid

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