The proposal to revise the rules is designed to reinforce the stability of the financial system...
1 October 2008.
Under the new rules, banks would be restricted in lending beyond a certain limit to any one party, while national supervisory authorities would have a better overview of the activities of cross-border banking groups.
The proposal, which amends the existing Capital Requirements Directives, reflects extensive consultation with international partners, Member States and industry. It now passes to the European Parliament and the Council of Ministers for consideration.
>> Internal market and services. Capital requirements for credit institutions and investment firms
>> Speech of Internal Market and Services Commissioner McCreevy of 1 October