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The Basel Committee on Banking Supervision has been carrying out a preliminary assessment of the consistency of the Council's general approach on the Capital Requirements Directive IV (CRDIV) with the so-called Basel III agreement on internationally agreed capital standards. The outcome of its work so far has been published today, along with reports on the regulatory consistency in the US and Japan. The Committee's work will continue with a final report on consistency being issued once CRD IV is adopted.
Commissioner Michel Barnier, responsible for financial services, reacted as follows:
"In 12 out of 14 areas of the preliminary "Regulatory Consistency Assessment" concerning the EU published by the Basel Committee today, the draft...
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