Brussels, 01/08/2003 (Agence Europe) - The Association of employers from SMEs, the UEAPME, is satisfied overall with the agreement reached at Basle on the level of own fund demanded by the banks for covering risks for loan operations.
Lunched in 2001 after the shock of the collapse of the Barning Bank, the Bale II on "adequate levels of own funds" is expected to be soon concluded. It will enter into force in 2007 and transposed into European law by a directive. The agreement outlines the...