EU pressuring banks for greater transparency

The EU parliament is pushing for greater transparency rules that would require banks to report taxes and profits on a country-by-country basis, reports ft.com.

“The European parliament is pressing for the tougher disclosure regime along with a demand for strict curbs on bankers’ bonuses as part of the law implementing the Basel III international accord,” the report explains.

Read more here.

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Basel rule softening won’t have impact

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