FRANKFURT (Reuters) – Europe must resist the temptation to water down post-crisis bank regulation known as Basel III and needs to implement the rules to prepare lenders for an eventual crisis, European Central Bank supervisor Andrea Enria said on Tuesday.
“European legislators must stand up to national interests and the lobbying of some banks,” Enria told a conference on Tuesday. “Basel III needs to be implemented faithfully, consistently and in good time.”
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.