EU Bank Capital Disclosures Pushed Back To 2014

Law360, New York (July 31, 2012, 5:44 PM EDT) -- The European Banking Authority on Tuesday promised to delay by one year new rules requiring financial institutions to disclose data related to capital and risk exposure, saying they might be too burdensome when combined with other regulations taking effect soon.

The financial reporting standards were set to coincide with the debut Jan. 1 of the Basel III banking accords, which will force banks to maintain capital of higher quantity and quality, but now will be pushed back until 2014. The EBA said it is concerned about...
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