Skip to main content
ecofin

Parliament plenary vote backs Irish Presidency agreement to strengthen rules on banks

16.04.2013, 12:25 GMT


The European Parliament today (Tuesday) voted in favour of the agreement reached with the Irish Presidency on capital requirements for banks (CRDIV).

The Minister for Finance, Michael Noonan TD said:
 
“The European Parliament has given strong backing for our agreement on new banking rules to strengthen the banks across Europe . These new rules will ensure that banks have enough capital to withstand any future financial shocks."

Minister Noonan - "This new legislation is a fundamental building block for EU banking union, an EU and Irish Presidency priority.”

The Irish Presidency reached a breakthrough in talks with the European Parliament on the overhaul of banking rules on 27 February.
 
The package of legislation sets new rules for the amount of capital that banks need to hold, as well as the quality of the capital. The package also includes limits on the size of bankers’ bonuses.

Following today’s European Parliament vote, the Council will now need to formally approve the legislative text. The Regulation and the Directive will then be published in the Official Journal by 30 June and enter into force. 


ENDS

Related Events

View all related events >

eu2013ie

02.07.2013, 10:29 eu2013ie Taoiseach Enda Kenny presents results of the Irish Presidency #eu2013ie in address to the European Parliament #EU eu2013.ie/news/news-item…

02.07.2013, 10:14 eu2013ie RT @IrelandRepBru Taoiseach: "Our shared identity exists beyond the realm of mere economics or currency or money." #eu2013ie #EU

02.07.2013, 10:10 eu2013ie RT @IrelandRepBru Taoiseach: "#MFF is the single, biggest investment tool we have at our disposal. We need to come together and use it forthwith." #eu2013ie

02.07.2013, 10:08 eu2013ie RT @IrelandRepBru Taoiseach: "By listening actively I believe we managed to address the main issues of concern identified by EP raised in March." #eu2013ie

02.07.2013, 10:08 eu2013ie RT @IrelandRepBru Taoiseach: "The result identifies best way to ensure that almost €1trillion for #MFF is released as soon as possible into real economy."

Contacts

picture of Paul Bolger, Presidency Spokesperson for Department of Finance

Paul Bolger, Presidency Spokesperson for Department of Finance

T:

M:

E:

picture of Deirdre Farrell, Press Spokesperson - Coreper II

Deirdre Farrell, Press Spokesperson - Coreper II

T:

M:

E:

Related News


View all related news ›