Newsletter Jan 2007: EU review of banks’ large exposures widened

BRUSSELS – The European Commission is significantly widening its review of the existing rules for banks’ large exposures and extending the date for the review’s completion, which had previously been set for the end of 2007. This emerges from a new Commission call for technical advice from the Committee of European Banking Supervisors (CEBS), the London-based body that consults with the banking industry, and provides advice to Brussels on technical legislative and regulatory matters in this field.