Tight new rules for EU conglomerate solvency calculations are official

Following on from an earlier post on conglomerate capital rules, the EU now made the conglomerate rules official. This is EU's answer to criticism on its watered down implementation of Basel III. But it may never become clear why the EU uses conglomerate rules to compensate for weaknesses in bank rules. It looks like a costly fix of Art 49 in CRR, which…