Press Release: Review of capital requirements for banks and investment firms – Working Document published

The European Commission published on 18 November 2002 a Working Document setting out their current thinking on a new capital requirements framework for banks and investment firms. The objective of the review of capital requirements, which forms part of the EU Financial Services Action Plan, is to modernise the existing framework to make it more comprehensive and risk-sensitive and to foster enhanced risk management amongst financial institutions. This will maximise the effectiveness of the capital rules in ensuring continuing financial stability, maintaining confidence in financial institutions and protecting consumers.

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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