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15-05-2012

Bank capital rules - Economic and Monetary Affairs Committee vote

The Economic and Monetary Affairs Committee took a unanimous stand on the latest bank capital requirements legislation on Monday 14 May. The vote gives Parliament's negotiators, led by rapporteur Othmar Karas (EPP, AT), a strong hand in pushing its reform agenda with Member States.

Put simply, bank capital is the funds held by a bank in the form of cash, real estate, bonds, shares, and loans such as mortgages etc.  Bank capital is also categorised by how liquid it is, i.e. how easily it can be converted into cash in order to make payouts to creditors, including depositors.

This note details the key aims that the committee strove for in the vote and how it proposes that they be achieved.

Click here to view full details