New European Union laws to drive banks to strengthen capital cushions will be unveiled in October, the Financial Times has learnt, as EU member states intensify a regulatory assault aimed at preventing a repeat of the global financial crisis.
A draft report expected to be backed by EU finance ministers in Brussels onTuesday says that there is a “strong case” for curbing existing rules on banks' funding needs, which critics say exacerbate the ups and downs of economic cycles.
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