Brussels, 08/12/2004 (Agence Europe) - As we previously announced, the Ecofin Council on Tuesday defined the general political approaches on the "adequacy of own funds" and "annual accounting audits" directives which it is hoping to adopt in the first reading.
The first general approach involves two proposals on the solvability of the financial institutions and credit establishments, setting up three risk assessment levels that will allow for a definition of the amount of own funds that...