Former Basel Head Warns EU Against Ditching Key Bank Rule

The former head of the Basel Committee on Banking Supervision has warned that the European Union's potential abandonment of a crucial global capital reform, aimed at helping its lenders compete with Wall Street, would be a 'disaster'.

11 Aug, 10:00 — 11 Aug, 10:00

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bloombergHigh20d ago

Ex-Basel Boss Warns of ‘Disaster’ If EU Ditches Key Bank Rule

The European Union’s possible abandonment of a linchpin of global capital reforms in a bid to help its lenders compete with Wall Street would be a “disaster,” according to the recently departed head of the Basel Committee on Banking Supervision.

By Laura Noonan

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Former Basel Head Warns EU Against Ditching Key Bank Rule

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Ex-Basel Boss Warns of ‘Disaster’ If EU Ditches Key Bank Rule

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