European timetable threatened by CP3 delay
BRUSSELS -- The European Union's timetable for bringing new risk-based bank capital adequacy rules into effect is in jeopardy following the decision of global banking regulators to delay publication of a key consultative paper.
The delay could result in major EU banks being at a competitive disadvantage to their US, Canadian, Swiss and Japanese rivals, who will be able -- for a protracted period -- to enjoy lower capital charges not available to European banks, banking industry analysts said.
Eur
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