ECB to apply Commission's new proposal on bank capital 'guidance'

March 23, 2016 10:42 AM

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FRANKFURT The European Central Bank will apply new European Commission guidelines on bank capital, which raise the bar for stopping lenders from paying bonuses, dividends and discretionary coupons, the ECB's chief supervisor said on Wednesday.

"We think that it may be useful and we will consider how to implement it. This is a work in progress," Daniel Nouy, chair of the ECB's supervisory arm.

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