login
login

Europe Daily Bulletin No. 10607

4 May 2012
ECONOMY - FINANCE / (ae) ecofin
Inkling of agreement on bank capitalisation

Brussels, 03/05/2012 (Agence Europe) - Late in the night of Thursday 3 to Friday 4 May, after 16 hours of talks, EU27 finance ministers reached an inkling of an agreement on bank capitalisation to enable banks to survive economic crisis by applying the Basel III Agreement capital requirements (see EUROPE 10607). Danish Finance Minister Margrete Verstager said that countries had moved closer on 20 or so important issues and the ministers have agreed to finalise the agreement at the next...