Banks, Germany and France want less stringent capital rules

January 23, 2012, 8:54 | di FIRSTonline editorial team | 0

According to the FT, ministers Schauble and Baroin will ask today's Eurogroup for special treatment for credit institutions that control insurance companies, a relaxation of the requirements to be included in Basel III and a three-year postponement of the mandatory deadline for communicating the debt ratio.

Banks, Germany and France want less stringent capital rules

The credit crunch risks suffocating the real economy. Because of this France and Germany they will call for the rules on capital requirements imposed on banks to be relaxed. This is what the Financial Times writes today, claiming in particular that the German Finance Minister, Wolfgang Schauble, and his French counterpart, François Baroin, will present to theEurogroup today a document in several places.

First it points to a special treatment for lenders who control insurance companies. Paris and Berlin will also ask Less stringent capital requirements to be included in Basel III, to avoid overburdening growth. Finally it will be proposed a three-year postponement of the mandatory deadline for communicating debt ratios. The newspaper underlines that the demands of France and Germany will clash with the more rigid positions of Great Britain.

FIRSTonline editorial team

FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Rome, and by an innovative and effective team of innovation and web managers.

Banks, Germany and France want less stringent capital rules

FIRSTonline editorial team

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