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Document 51996AB0008

Opinion of the European Monetary Institute on a consultation from the Council of the European Union under Article 109f (6) of the Treaty establishing the European Community (the “Treaty”) and Article 5.3 of the Statute of the EMI; on a Commission proposal for a European Parliament and Council Directive amending: Article 12 of Council Directive 77/780/EEC on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions; Articles 2, 6, 7 and 8 and Annexes II and III of Council Directive 89/647/EEC on a solvency ratio for credit institutions; and, Article 2 and Annex II of Council Directive 93/6/EEC on the capital adequacy of investment firms and credit institutions (CON/96/08)