European Commission adopts global banking regulations to tighten capital requirements
Implementation of Basel III rules will see capital requirements for Irish banks increase and mandatory disclosure of climate stress test results
The European Union adopted a new set of global banking regulations that will require Irish banks to increase their capital requirements and regularly disclose exposure to climate-related risks.
The regulations limit the ability of EU banks, including Irish banks, to “excessively” reduce capital requirements when using internal models, will now be discussed by the European Parliament and Council.
The move is part of the process of implementing international banking standards, also known as...
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