While the new European standards for national regulators are being drafted, the Czech Banking Association (CBA) says that the real risks lies in specific business models, and country specific elements, which can pose a threat to the markets if not adequately addressed in the new legislation, reports EurActiv Czech Republic.
In July, the European Banking Authority (EBA) submitted a draft regulatory proposal that identified how banks should future-proof their balance sheets to avoid financial missteps and errors. The standard attempts to clarify rules set out in the EU’s Recovery and Resolution Directive adopted in 2014.
