Brussels, 13/10/2004 (Agence Europe) - The SME employers' representative, UEAPME, has called for the Capital Adequacy Directive to be relaxed. This directive was presented by the European Commission in July (see EUROPE of 15 July, p.14). This text on banking solvency is to take effect from 2007. It transposes the "Bâle II" agreement, which was concluded by the industrialised countries last June, into Community law. On the one hand, it allows banks to reduce the own resources needed to cover...