Banking supervisors urged to consider new banking standards

Banking supervisors across the world have been urged to assess the impact of the proposed amendments to international banking standards by the European Union's financial ministers. The new standards, which are due to be finalised by the year end, would increase the capital requirements of banks.

By Alex Davis (July 13, 2016, 1:23 AM BST) -- The European Union's financial ministers on Tuesday urged a global forum of banking supervisors to carefully assess the impact of proposed changes to international banking standards due to be finalized by the end of 2016, which banks say would increase their capital burden....

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