Banking in Brief
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Our archives on European Banking Authority
New capital rules will speed up European bank withdrawal from Asia
Date: Dec 09, 2011The European Banking Authority order for banks to raise $153 billion will speed up their asset sales outside of Europe, as will a downgrade of European sovereign ratings.
Author: Peter Hoflich
Categories: Capital & Strategic Issues, Hong Kong, Singapore, Capital Markets
Keywords: Banco Santander, Société Générale, Crédit Agricole, Standard and Poor’s, European Banking Authority, Capital Rules