EU expected to report on Cad 3 progress next week

BRUSSELS – The European Commission is expected to give details on November 18 about how it intends applying the complex Basel II bank safety rules in the European Union, commission officials confirmed today.

The commission, the EU’s executive body, will show how its third capital adequacy directive, or Cad 3, should look like, assuming the Basel II capital accord comes into force in late 2006 with no significant changes to the shape currently proposed by global banking regulators. Commission officials declined to comment on the details.

But regulatory sources said the commission’s Cad 3 proposals are likely to differ from Basel II in one or two respects, in particular on the question of the use

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here