EBA default standards could prove ‘burdensome’, banks warn
Implementation likely to demand “significant” resources, authority admits
The European Banking Authority (EBA) published draft regulatory technical standards (RTS) on September 28 aimed at standardising how Europe's banks define and deal with creditor default. But some banks say the changes will carry a heavy cost.
The overall level of capital requirements for European banks "should not change significantly", the EBA said. But it added that "some institutions will be more significantly affected than others".
Practices concerning default vary, particularly according to
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