EU wants CAD 3 study to look at bank lending to smaller companies

BASEL II UPDATE

BRUSSELS -- The European Commission said it had launched a tender in late August for a study that would pay particular attention to the effects on small and medium-sized enterprises (SMEs) of proposed new European Union (EU) bank capital rules.

The study of the EU’s third capital adequacy directive, or Cad 3, was requested by the European Council at its Barcelona meeting in March this year. Tenders must be with the commission by October 10. The commission wants to bring Cad 3 into effect for

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