Press Release: Capital adequacy: Commission to consult further on new regime

The European Commission announced on 23 July 2001 that it will undertake a further round of consultations with interested parties concerning the application of new rules on capital standards to the European banking and investment industry, in view of the postponement of the implementation date for the new Basel Accord on Capital Adequacy (see IP/01/893). This further consultation by the Commission will be in parallel with the further Basel consultation, in the first few months of 2002. The Commission's work complements that of the Basel Committee, but concentrates on issues where particular EU concerns need to be taken into account.

http://ec.europa.eu/comm/internal_market/en/finances/capitaladequacy/index.htm http://ec.europa.eu/comm/internal_market/en/finances/capitaladequacy/index.htm

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