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Europe Daily Bulletin No. 8746

13 July 2004
Contents Publication in full By article 29 / 39
GENERAL NEWS / (eu) eu/financial services
Commission suggests Basel II banking solvency agreement be transposed into EU law

Brussels, 12/07/2004 (Agence Europe) - On Wednesday, the European Commission is expected to make proposals for adapting the Basel II agreement on banks' solvency ratio into European law. The agreement, concluded after years of negotiation between experts of the most industrialised countries, will apply as of 2007. It modifies the approach to banking solvency by replacing flat-rate ratios for own funds with ratios adopted to the risk levels really facing financial institutions. It will make...

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