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EU reaches deal to reduce risks in banking sector

Dec 05, 2018 - Marketline Newswire

The European Parliament and the Council of the European Union have agreed to a provisional political agreement on a set of new banking reforms to reduce risks in the industry.

The new set of reforms aims to increase the resilience of European Union (EU) banks by introducing new capital requirements. It will ensure stable capital buffers among banks as well as reduce risks associated with lending.European Commission vice-president Valdis Dombrovskis said: "I am delighted that the European P...