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Europe Daily Bulletin No. 7993

27 June 2001
Contents Publication in full By article 23 / 49
GENERAL NEWS / (eu) eu/financial services
Commission welcomes extension of timetable for revision of Basel Capital Accord

Brussels, 26/06/2001 (Agence Europe) - The European Commission welcomed that announcement made by the Basel Committee on Banking Supervision of its decision to extend its timetable for the revision and implementation of the new Basel Capital Accord to 2005, and to provide for a new "round" of consultations with interested parties early-2002.

The revision of the 1998 Accord relates to the ratio of bank solvency. Proposals were already submitted last January (see EUROPE of 20 January 2001,...

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