European supervisors must improve consistency on capital requirements, Angeloni says
Differing interpretations of maximum distributable amount prevent ‘level playing field’
Differing interpretations of regulations across Europe are putting the "level playing field" between banks "at risk", a senior eurozone supervisor said today (March 9).
"Enhanced" co-operation between eurozone and British regulatory authorities was "vital for the survival of the single market", Ignazio Angeloni told an audience in London. In particular, he said, there needed to be more consistency over one aspect of the Basel Pillar 2 capital requirements. Angeloni is a member of the European
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