Finance Breaking news EBA changes software capital rules for banks last financial news

Breaking-Finance.Com - The European Banking Authority has set out plans to let banks include software assets in their capital requirement calculations, helping lenders to boost their safety buffers.

Finance Breaking news EBA changes software capital rules for banks last financial news

Breaking-Finance.Com - The European Banking Authority has set out plans to let banks include software assets in their capital requirement calculations, helping lenders to boost their safety buffers.

Finance Breaking news EBA changes software capital rules for banks last financial news
14 October 2020 - 23:15

Breaking-Finance.Com - The European Banking Authority has set out plans to let banks include software assets in their capital requirement calculations, helping lenders to boost their safety buffers. Currently, banks are required to deduct the value of software from their capital buffers upfront. But, banks argue that this discourages them from spending money in important areas such as digitisation and cybersecurity.

.In its draft Regulatory Technical Standards (RTS), the EBA says banks will be able to amortise the value of their software assets over a period of three years. The move would boost capital across a sample of 64 banks by EUR20 billion in 2021.The draft standards have now been set to the European Commission, which is expected to greenlight them later in the year.

Source = Breaking-Finance.Com

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Finance Breaking news EBA changes software capital rules for banks last financial news


Finance Breaking news EBA changes software capital rules for banks last financial news


Finance Breaking news EBA changes software capital rules for banks last financial news


Finance Breaking news EBA changes software capital rules for banks last financial news

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