Industry objects to EU CAD draft


Industry associations were fairly united in their objections to specific portions of the most recent draft of the EU Commission’s Capital Adequacy Directive (CAD). More than 120 financial industry comments were received by the EU Commission for the October 22 response date to the document, which was initially published in early July.

To begin with, the industry is concerned about the removal from the July draft of an original Commission proposal to allow firms to calculate capital

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