The European Council of the European Union reached an agreement on the implementation of the Basel III banking sector regulatory reforms.
The proposals amend guidelines for capital requirements and the regulation of those requirements, the Czech presidency of the bloc said in a statement.
The text recalls that this issue had been under negotiation for 12 months within the EU, but considers that “the necessary balance” has now been reached for its implementation.
Now, the closed package between the countries will be sent to the European Parliament, for eventual changes and its approval, informs the note.
The European Council says that technical improvements have been made for areas of credit, market and operational risks.
There was also proportionality in the rules for small banks, and the changes take into account national specificities and practices.
Also according to the statement, the intention is also to harmonize minimum requirements applied to banks in third countries and the supervision of their activities in the bloc.
Source: CNN Brasil
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