About: Basel Committee
ECB fines France’s Credit Agricole over capital reserves
The European Central Bank announced on Monday (20 August) that it had fined French lender Credit Agricole a total of €4.8 million over past irregularities in the way it declared its capital reserves, Reuters reports.
Commission passes the ball on sovereign debt rules
European Commission Vice-President Valdis Dombrovskis said on Wednesday (7 March) that he does not intend to amend the regulatory treatment of sovereign debt held by banks following inconclusive discussions at international level.
European Parliament to side with banks and reject new Basel banking rules
The European Parliament is expected on Thursday (10 November) to announce that it does not intend to accept new international standards that would require banks to have greater capital reserves. EURACTIV’s partner Milano Finanza reports.
Barnier visit to US ‘waste of time’, says Washington insider
EU Internal Market Commissioner Michel Barnier was in the US over the weekend to talk tough on financial reform. But a high-ranking US official warned that Barnier was consorting with the culprits of the crisis and that his trip may prove a waste of his time.