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...