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Europe Daily Bulletin No. 7997

2 July 2001
Contents Publication in full By article 37 / 53
GENERAL NEWS / (eu) eu/financial services
EACB welcomes capital adequacy changes

Brussels, 02/07/2001 (Agence Europe) - Following in the footsteps of EUROCHAMBRES (see EUROPE of 29 June, p.18), the European Association of Cooperative Banks (EACB) welcomed the 'changes of timetable and concept' announced by the Basle Committee for Banking Supervision to the new capital adequacy accord (see EUROPE of 27 June, p. 11). According to Hervé Guider, Secretary General of the EACB (the umbrella body for around 4,500 cooperative banks in Europe), "the choices made are pointing in...

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