Publication

In this paper, the author discusses the European Commission’s proposal for implementing Basel III into EU law, the so-called capital requirements Regulation and Directive (CRD IV). The Commission is proposing a cap on the minimum level of capital that banks should hold. Taking into consideration the concerns with regards to the single market and European large diversity of markets and legal systems, the author argues that the proposal leaves much to be desired. This raises the question of whether a one-size-fits-all approach is appropriate in light of the diversity in Europe’s financial markets.