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Image header Agence Europe
Europe Daily Bulletin No. 10000
Contents Publication in full By article 13 / 34
GENERAL NEWS / (eu) eu/financial services

Draft directive introducing dynamic provisioning and limiting leverage ratio delayed

Brussels, 16/10/2009 (Agence Europe) - The European Commission does not feel that it will be in a position, before the end of its term of office at the end of October, to bring forward the legislative proposal supposed to bring measures of dynamic provisioning and setting a maximum rate of leverage ration into the Basel II directive. It hopes to have a clearer picture of these measures, wanted by the G20 and currently under discussion in international bodies such as the Basel Committee. Pressure from the banking industry also underlies this delay, given the strength of its hostility towards the leverage ratio. Presentation of a draft directive is not now expected that before summer 2010. (M.B./transl.rt)

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