Banking rules : Commission adopts equivalence decision

The European Commission's implementing decision , adopted on 12 December, clarifies "the capital provisions that EU banks need to hold against over 90% of their non-EU lending. This means that EU credit institutions won't need to apply disproportionate capital requirements against these exposures. This decision makes it easier for European banks that operate globally," commented Commissioner Jonathan Hill. In line with the capital requirements regulation (CRR, Regulation 575/2013 ), European banks with exposure to certain entities based in third countries…