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Austria Supports EU Capitalization Plans for Banks

Published: April 17, 2012; 17:14 · (Vindobona)

Regulators in the European Union may be allowed to impose capital surcharges on banks

Austria Supports EU Capitalization Plans for Banks / Picture: © Flickr

Such a surcharge “could be introduced from 2015, thereby providing member states with more flexibility while ensuring the smooth functioning of the internal market,” according to a document prepared by Denmark, which holds the rotating presidency of the EU, and obtained by Bloomberg News.

Othmar Karas, the Austrian lawmaker guiding the adoption of the global bank-capital and…

This article includes a total of 388 words.

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