EU Commission to temporarily ease rules on leverage ratio calculation to help banks – Reuters

Dhwani Mehta FXStreet

Citing sources familiar with the matter, Reuters reports that the European Commission is likely to temporarily ease rules on leverage ratio calculation to help banks lend more in a pandemic.

The sources added that the Commission will propose allowing banks to opt into relief from bad loan provisioning rule.

Market reaction

The above headlines had little impact on the shared currency, as EUR/USD sits at a three-day high of 1.0860. All eyes remain on the Fed and ECB monetary policy decisions for further trading impetus.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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