EU officials move ahead on rules for banks' capital requirements

EU authorities are moving ahead with rules that would require banks to increase the amount of capital they hold in order to weather difficult times more easily. Officials are calling for views on the latest round of revisions to the EU's Capital Requirements Directive. Michel Barnier, the top financial-regulation policymaker at the European Commission, said officials are seeking a follow-up on international decisions. "It is vital that we further strengthen the solidity of financial institutions and put in place new rules in order to be better prepared for the crises of tomorrow," Barnier said.

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