Banks still uncertain over Basel rules despite EBA update

Banks still uncertain over Basel rules despite EBA update

A long-awaited clarification from the European Banking Authority (EBA) has failed to resolve a divide among EU banks over the capital burden of long-tenor trade finance products.   Lenders had hoped that a technical document published by the EBA last month would clear up confusion over whether they need to double capital buffers on trade finance products with a maturity of more than one year.   But market sources say the document has not shed an…