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Europe Daily Bulletin No. 8784

14 September 2004
Contents Publication in full By article 16 / 33
GENERAL NEWS / (eu) eu/ecofin
Finance ministers ask Commission to look at regulatory obstacles to cross-border bank mergers

Scheveningen, 13/09/2004 (Agence Europe) - At their meeting in Scheveningen on Saturday, European finance ministers asked the European Commission to study the question of obstacles to bank mergers and acquisitions, focussing on the rules national competition authorities can use to block the acquisition of banks in their country.

The Presidency asked the CEOs of three banks, ABN-Amro, BNP-Paribas and Bank of Scotland, to outline the banking industry's views on the issue, and the Dutch...

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