EU capital rules remain on tight deadline

Some European bankers fear that major European banks could be put a competitive disadvantage to North American, Japanese and Swiss rivals if the Cad 3 timetable lags far behind the Basel II schedule.

The officials were commenting on the European Commission’s working document on its plans for new capital adequacy rules – commonly known as Cad 3 – which are closely modelled in most respects on the risk-based Basel II bank capital accord proposed by global banking regulators.

The commission said

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