Draft guidelines amid to address the increasing complexity with the banking industry and at individual institutions
Proposed guidelines aim to safeguard investors
Consultation period closes Dec. 5
Proposals could cause investors to lose money
The period of ultra-low rates within Europe is likely to be prolonged
Joint committee cites low yields, low growth and other risks to EU financial system
The plan is to bring these firms under existing anti-money laundering regimes to prevent criminals and terrorists from using them
Downward revisions largely reflect an expected negative impact on the euro area from Brexit
The data will help craft new, more tailored capital rules for the sector
Various countries in the region have taken different approaches to implementing Basel III