CEBS publishes notes from large exposures open hearing

The Committee of European Banking Supervisors has issued its views on an EU-wide large exposures regime.

The notes outline a discussion that took place in London on July 11.

The banks and trade associations that attended the event said that the EU must recognise that Basel II and the large exposures regime have different objectives.

Attendees were keen for a large exposures regime that protected the financial system against large, unexpected losses. The industry also stressed that the system should be simple and relevant, and should align with current systems for calculating exposure values.

CEBS

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