European Union (EU)
Ahead of the green game
Germany
Small firms welcome EU proposals
BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.
Basel II related IT spending to increase at European banks, says Celent
NEW YORK - Spending on IT for compliance with the Basel II capital accord in European Union (EU) banks is set to rise to more than €600 million in 2006 from just over €300 million in 2002, according to an analyst at US research and consultancy company…
UK expects EU countries to reopen Basel II arguments
LONDON – UK regulators expect that other European Union (EU) countries will try to reopen Basel II bank accord discussions within the EU framework, a senior UK supervisor said yesterday.
UK’s FSA delays Basel II paper to mid-July
The UK’s chief financial regulator has delayed issuing its discussion paper on implementing the Basel II bank capital adequacy accord and parallel European Union (EU) rules to mid-July.
EU officials act on post-Enron policy issues
European Union (EU) finance ministers and central bankers ordered a review on Saturday of the supervisory issues for derivatives trading and the preparation of financial data to try to avoid any Enron-like collapses in Europe.