international bank capital standards

European Commission Capital Requirements Directive Proposal

On July 20, the European Commission issued proposal CRD IV, which would replace the Capital Requirements Directives issued in 2006. The proposal would: (i) require European banks to hold more capital of higher quality, applying the international bank capital standards agreed to under Basel III; (ii) set up a new corporate governance framework; and (iii) compile all applicable legislation in a Single Rule Book for banking regulation. European Commission Release.