The Traderszone Network

Published in TZ Latest News 27 October, 2014 by The TZ Newswire Staff

Under full capital rules, 36 EU banks would have failed test

Europe’s banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital rules that are due to come into full force in 2019, potentially adding another challenge for the European Central Bank when it takes over supervision of euro zone lenders next month.

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