The Committee of European Banking Supervisors suggested that banks across the EU hold enough capital so they are able to survive during the beginning of a crisis without having to raise funds or alter their business models. "It's like a purse of insurance you hold in order to be able to stay as a going concern in your business, and during that time you can plan to survive in the long term," said CEBS member Marco Lichtfous. The proposal sparked concerns throughout the industry that large, cross-border financial institutions will be subjected to an increasingly complex patchwork of regulations.

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