Council approved Capital Adequacy Directives

07 June 2006

The Council adopted today two directives aimed at introducing new capital adequacy requirements for banks and investment firms, accepting all amendments voted by the European Parliament in first reading. The directive enables financial institutions to choose from three different approaches to capital adequacy. The simple and intermediate approaches may be used from the end of 2006, the most advanced approach from the end of 2007.

Council results
Press release on CAD
CAD - investment firms and credit institutions
CAD - taking up and pursuit of the business

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