Banking Sector Unhappy With EU Updates to Capital Regulations

Europe’s banking regulators have released updates to their capital rules for lenders. But as the Financial Times (FT) reported Tuesday (June 16), these changes represent a rejection of calls by the banking industry for major changes to the European Union’s capital requirements. The report by the European Banking Authority (EBA) is designed to clarify what many lenders—per the FT—argue are excessively complicated and duplicative capital requirements.