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Sep 14 2021, 08:10 IST/BST
The implementation of Basel 3, which commenced post the Global Financial Crisis, is now nearing conclusion. Banks are seeking an easing of some new rules while regulators want full application. The EC must decide; large increases in capital requirements may ensue if fully implemented. EU banks already lag peers on return on equity, and higher capital will hinder an ongoing recovery. Material investment is needed across the EU for the ‘green’ transition – having banking capacity to do so is important to this goal.
Sep 14 2021, 08:10 IST/BST