Extracts from the press conference Michel Barnier on Amendments of Capital Requirements Directive
On 20 July 2011, Michel Barnier, Member of the EC in charge of Internal Market and Services, made a declaration during a press conference on amendments of the Capital Requirements Directive.
Banks have been at the centre of the financial crisis the global economy is facing since 2008. Lessons have been drawn from this and mistakes of the past should not repeat themselves. This is why the European Commission has brought forward proposals to change the behavior of the 8000 banks that operate in Europe. Europe is the first in the world to start the implementation of its G20 commitments in this matter. SHOTLISTLINK