On reform of capital adequacy rules for European banks

Swedish, Estonian, Latvian, Lithuanian and many other European countries' central banks and financial market supervisory authorities have signed a joint letter to the European Commission calling for the European Union (EU) to ensure a full, timely and consistent implementation of reforms that were agreed  in the global banking supervision standards known as Basel III after the 2008-2010 financial crisis. The European Commission plans to publish its updated capital adequacy rules for banks within the EU this autumn.