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Austria Discussing Top Banks’ Capital Rules With EU Commission

Published: February 25, 2012; 14:40 · (Vindobona)

Austria’s regulators are discussing rules for its top banks that will curb excessive lending in Central and Eastern Europe with the European Commission.

Austria Discussing Top Banks’ Capital Rules With EU Commission / Picture: © Wikipedia / Christian Wirth (Wirthi)

“We’ve entered into agreements with the regulators” of the eastern European countries and “now still are in talks with the European Commission,” Central Bank (OeNB) Governor Nowotny told reporters in Vienna today, adding that the regulators didn’t want to publish the rules without the commission’s consent. The discussions will be completed “shortly,” he…

This article includes a total of 189 words.

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