EU banks and investment companies should be allowed to use their own tailor-made models

Date: 17/04/1997

to calculate the capital reserves they need to cover the risk involved in their activities, the Commission proposed this week. The move would ease banks' capital requirements and allow them to invest the spare cash. Securities houses trading in commodities would be given until 1999 to comply with the rules after complaining they would be badly hit by some of the changes.