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Europe Daily Bulletin No. 8748

15 July 2004
Contents Publication in full By article 21 / 35
GENERAL NEWS / (eu) eu/financial services
Commission presents proposed directive on bank solvency (Bâle II), to be phased in in 2006 and 2007

Brussels, 14/07/2004 (Agence Europe) - As anticipated, the European Commission on Wednesday adopted a proposed directive, setting new requirements to define the solvency ratios for financial institutions. The directive defines three levels of risk assessment, which will determine the level of own funds banks and investment companies must have in order to ensure their solvency.

The "simple" and intermediary approaches (based on a risk assessment model) will be applicable from the end of...

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