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Europe Daily Bulletin No. 8776

2 September 2004
Contents Publication in full By article 25 / 33
GENERAL NEWS / (eu) ep/banking
Commission hoping for adoption in first reading of Basle 2 directive on banking solvability, despite parliamentary doubts

Brussels, 01/09/2004 (Agence Europe) - The Director for financial markets at the Commission, David Wright, indicated at a hearing of the economic committee at the European Parliament, that the European Commission was hoping that the directive on own and adequate funds on the financial markets, which was presented in July, could be adopted in a single reading. This directive, which will apply from 2007, transposes the Basle 2 agreement on the ratio of banking solvability, into Community law....

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