EU fails to reach deal on tougher bank capital


European Union states and the European Parliament have failed to reach a deal on a law to phase in tougher bank capital rules from a globally-agreed January deadline, a parliamentary spokeswoman said on Thursday.

"There is no deal," the spokeswoman said after negotiations between the two sides ended in Strasbourg, France.

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They have agreed to meet again on Tuesday in a fresh bid to settle the remaining points of disagreement, she added.

World leaders agreed in 2010 that the so-called Basel III bank capital rules should be phased in from January, their core regulatory response to the 2007-09 financial crisis to make lenders safer.

(Reporting by Huw Jones)