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EU sees step-by-step approach to bank trading capital rules 

April 16, 2018

Reuters, Huw Jones

"New global standards on how much capital banks must hold against trading risks won’t be fully inserted into European Union law for the time being, a senior European Commission official said on Wednesday.

The bloc is approving a package of rules to complete its banking union, whereby lenders comply with the same rulebook to avoid becoming undercapitalized and depending on taxpayers for a bailout if they go bust.

The package was proposed by the European Commission in November 2016, and includes putting into EU law global trading book capital standards drawn up by the international Basel Committee."

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