European banks might face capital surcharge

04/16/2012 | Bloomberg

European officials are discussing a capital surcharge for the largest banks. One lawmaker suggested a core-capital levy of 10%, but a compromise could halve that amount. A surcharge "could be introduced from 2015, thereby providing member states with more flexibility while ensuring the smooth functioning of the internal market," according to a document drafted by Denmark, which holds the EU's rotating presidency.

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