Brussels, 18/11/2002 (Agence Europe) - The European Commission published on Monday a working paper on the new capital requirements framework for banks and investment firms. The review of this framework, which is part of the EU Financial Services Action Plan, is meant to modernise the existing mechanism, to make it more comprehensive and risk-sensitive and to promote improved risk management.
The new EU framework must enter into force at the same time as the new Basel Accord, namely at the...