Basel III liquidity rules won't be watered down in Europe, says ACP's Nouy


The Basel III liquidity rules will not be diluted in Europe, says Danièle Nouy, secretary-general of the Autorité de Contrôle Prudentiel (ACP), despite less prescriptive language in the latest draft of the Capital Requirements Directive (CRD IV) – legislation that will determine how European banks implement the new Basel capital and liquidity standards.

Nouy, a former secretary-general of the Basel Committee on Banking Supervision, says the European rule is a starting point that may be refined

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