EU agrees tougher rules on banks to avert a repeat of the 2008 financial crisis

EU agrees tougher rules on banks to avert a repeat of the 2008 financial crisis

The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a repeat of the 2008 financial crisis. The European Commission first proposed the banking law in October 2021 but there has been a greater focus on banks following the collapse of lenders in the United States triggered market turbulence earlier … Read more