EU Commission set to flip stance on key operational risk issues
BRUSSELS, BELGIUM -- News of proposed changes to the European Commission's Capital Adequacy Directive (Cad) are beginning to leak out. The next draft of the document is due out in June, according to officials, and changes will reflect "the specificities of the EU context," said Jean-Claude Thébault, head of the financial institutions directorate at the European Commission. "We must be ready to provide for appropriate differentiation from the Basel framework in the limited circumstances where
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