Newsletter Sep 2007: Large exposures paper “disappoints” bankers

LONDON – A group of heavyweight financial services trade associations has delivered a hard-hitting response to the June consultation paper that opened the debate on reform of the EU’s large exposure rules, aimed at preventing banks from lending too much to individual borrowers. The consultation paper was issued by the London-based Committee of European Banking Supervisors (CEBS), the body charged with advising the European Commission on banking regulation.