I see the EU wants to hinder foreign (UK) banks further. What’s the likelihood the only banks that are asked to increase their capital are from the UK..
The article is not clear why the EU can’t simply increase the reserve requirement for third country branches. Unless the objective is primarily to increase oversight which makes a degree of sense.
>Foreign banks based in the European Union may have to hold more capital and liquidity under revisions to rules being considered by the bloc’s member states, an EU document showed.
So what I’m getting out of this is that Foreign banks are going to be more reliable?
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I see the EU wants to hinder foreign (UK) banks further. What’s the likelihood the only banks that are asked to increase their capital are from the UK..
The article is not clear why the EU can’t simply increase the reserve requirement for third country branches. Unless the objective is primarily to increase oversight which makes a degree of sense.
>Foreign banks based in the European Union may have to hold more capital and liquidity under revisions to rules being considered by the bloc’s member states, an EU document showed.
So what I’m getting out of this is that Foreign banks are going to be more reliable?