CRD IV at risk of non-compliance because of national exemptions, MEP warns

European Parliament

National exemptions in the fourth Capital Requirements Directive (CRD IV) are diluting the proposals so much that the European Union (EU) is at risk of breaching its compliance with the Basel III capital adequacy rules, member of the European Parliament Kay Swinburne warned today.

At a seminar entitled Roadmap towards a Banking Union, held at the European Parliament in Brussels, Swinburne warned that until agreement on CRD IV is reached, there is no hope of achieving a common banking supervisor.

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