EBS calls for smooth implementation of Basel II in the US

09 November 2007

The EBF calls the Transatlantic Economic Council to provide their full political support to an agreement that would allow for the mutual recognition of Basel II implementation in the EU and the US.

 

“European banks are primarily concerned with the consistency of the new rules with the Basel II framework. Implementation in the US should be technically consistent with international approaches, thus ensuring a level playing field in international banking”, said Guido Ravoet, Secretary General of the EBF. The same would apply to the future rules that would provide all non-core banking organizations with the option to adopt a standardised approach under Basel II.

 

(Press release attached below)

© EBF