Stricter capital requirements for banks and investment firms were given political approval by the Economic and Financial Affairs Council on 15 May 2012. These proposals (a directive and a regulation covered earlier this month) called CRD IV Package aim to stabilize European banking sector, minimize the impact of unexpected losses and renew the confidence of markets. The decision has been made unanimously and now the talks with the Parliament will aim for adoption of the package by the end of June 2012.

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