EU agrees tougher rules on banks to avert a repeat of the 2008 financial crisis
The European Union has agreed to implement internationally-agreed banking laws to prevent a rerun of the 2008 financial crisis, with a focus on banks following the collapse of US lenders earlier in the year. The regulations correspond to the Basel III reforms, ensuring adequate capital and liquidity.
Published at 2023-06-27T18:08:47+05:30