EU compliance with Basel III could be in jeopardy because of a long list of national exemptions to Capital Requirements Directive IV. "If you look at what is being proposed at the moment and is stuck in trilogue, it is national specificity after national specificity," said European Parliament member Kay Swinburne. "There is no common rule book;
we shouldn't be kidding ourselves that we are actually adhering to international standards as proposed by Basel."

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