Credit Agricole Demands Freeze on Overhaul of Capital Rules

Updated on
  • CEO seeks a five-year halt to the Basel Committee’s plans
  • BNP’s Bordenave warns rules could ‘damage financial stability’

The Basel Committee should freeze plans to overhaul capital rules to avoid a “drastic” reduction in lending by European banks, Credit Agricole SA Chief Executive Officer Philippe Brassac said.

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