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EU escalates stand-off with US on global bank-capital rules

Debate in Basel pits other bank regulators against a US-backed push for stiffer standards
Saturday, September 24, 2016 - 05:50

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NOT SEEING EYE TO EYE: The EU, home to nearly half of the world's biggest banks, opposes the introduction of capital floors, a restriction on firms' use of their own statistical models to measure asset risk that would drive up their capital requirements.

Vienna

THE European Union (EU) upped the ante in its battle with the US over changes to global bank-capital rules, calling for a key plank of the reforms to be scrapped.

The EU, home to nearly half of the world's biggest banks, opposes the introduction of capital floors, a

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