Home > EU > EU strikes deal on banking rules for new bad loans cover

EU strikes deal on banking rules for new bad loans cover

Written by Business World, on 18th Dec 2018. Posted in EU

article headline

European Union lawmakers and governments on Tuesday reached a political deal on new rules for the money that banks should set aside against possible losses from new loans that turn sour, the EU Commission said.

"Today's political agreement is an important step to further reduce risks in the EU banking sector and strengthen its resilience," the EU executive said in a statement. (Reuters)

Source: www.businessworld.ie

More articles from EU

image Description

Brexit deal defeat boosts European banks

Read more
image Description

Theresa May's EU divorce deal crushed by 230 votes in parliament

Read more
image Description

Euro set for biggest weekly gain in four months

Read more
image Description

EU blames US for "deep crisis" at WTO

Read more
image Description

Theresa May survives party confidence vote but Brexit deal still teetering

Read more