Opinion – Basel III Overview
On 16 April 2013, an official communiqué from the European Parliament indicated that the Capital Requirements Regulation (CRR) and a fourth edition of the Capital Requirements Directive (CRD IV) had been passed. The new set of rules, which are commonly referred to as the CRD IV Package will write into EU law the international Basel III guidelines for the level of financial reserves banks need to hold to absorb potential losses. Read more.
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