About: Basel III
European banks face massive capital raising in challenging times
Europe will “faithfully” implement new international standards that will force its banks, struggling to regain investor trust, to raise around €135 billion in additional capital to face future crises, the European Commission said on Tuesday (12 November).
Basel III reform ‘unlikely’ by G20 meeting
EU and industry officials say it is “unlikely” that Europe and the US will agree on new rules to strengthen the banking sector by the time of the G20 meeting in Hamburg on 7-8 July.
Deutsche Bank sets sights on €8bn in capital hike
German banking powerhouse Deutsche Bank wants to beef up its capital reserves by selling off millions of new shares, as well as overhauling its business structure, in the wake of massive losses and international sanctions. EURACTIV’s partner Milano Finanza reports.
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.
EU executive proposes 9-month delay to bank buffer plan
European Union rules forcing banks to hold a buffer of cash and top quality debt to withstand market shocks will be delayed by nine months, the bloc's executive body has proposed.
EU hails ‘breakthrough’ deal to cap bankers’ bonuses
Bankers in Europe face a cap on bonuses as early as next year, following agreement in Brussels early Thursday (28 February) to introduce what would be the world's strictest pay curbs, in a move politicians hope will address public anger at financial-sector greed.
EU, US agree to fast-track bank rules, bonus cap
The European Union and the United States agreed on Thursday (14 February) to implement the new global Basel III capital adequacy rules for banks as soon as possible, EU financial services chief Michel Barnier said after a meeting in Washington.
UK faces isolation or climb-down on bank rules
British Chancellor George Osborne is set for a showdown or climb-down with his EU counterparts today (15 May) as finance ministers meeting in Brussels seek to push through capital requirements proposals against opposition from the UK and Bulgaria.
MEPs opt for tougher rules on bankers’ bonuses
Bankers' bonuses should be capped at twice their basic pay and "golden hellos" handed back if performance disappoints, European parliamentarians said yesterday (27 March).
EU’s banks face stringent capital rules
The EU will today (20 July) unveil new rules requiring banks to have three times as much capital on their balance sheets. Banks are eyeing the new rules with caution, while some governments warn that the requirements may be too tough.
Brussels to propose curbs on sovereign debt ratings
Michel Barnier, the EU's internal market commissioner, has announced draft EU laws aimed at bringing more transparency to how credit rating agencies assess sovereign debt, days after Moody's downgraded Portugal, which is benefiting from an EU/IMF bailout.
Banking sector still vulnerable, says ECB
The European Union's banking sector remains vulnerable and is recovering from the financial crisis in a slow and uneven fashion, the European Central Bank (ECB) said yesterday (29 September).