Europe hikes capital rules, slashes banker bonuses

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Lawmakers in European Parliament on Wednesday overwhelmingly approved tough new rules that could see an up to fourfold increase in the amount of capital banks must hold.

The amendments, to the existing Capital Requirements Directive, require banks to hold more capital to cover risks on the investments they hold in their trading books. "Events in recent years have shown that the risk carried by trading book investments needs to be re-evaluated, as does the capital required to cover this risk. The

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