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Image header Agence Europe
Europe Daily Bulletin No. 9936
GENERAL NEWS / (eu) eu/financial services

Ministers of finance support introduction of dynamic provisioning into European banking legislation

Brussels, 06/07/2009 (Agence Europe) - European ministers of finance will reach an agreement this Tuesday on the introduction into European banking legislation of “dynamic provisioning”, in an effort to improve the fight against financial instability. In its provisional conclusions on the pro-cyclical effects of safeguard rules and accounting standards in force, they say that they are in favour of an instrument which, “consists in constituting provisions deducted from profits in good...

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