EU Ministers Approve Capital Requirements Directive

The Danish Presidency of the Council of the EU

May 15, 2012

EU Economic and Finance Ministers have approved the proposed Capital Requirements Directive. The Directive focusses on strengthening capital requirements for banks, but also contains measures on the transparency of banks' leverage, corporate government, and sanctions for banks that infringe the rules.

The Directive is intended to enter into force on January 1, 2013.