Credit institutions, investment firms: solvency ratio (amend. Directives 77/780/EEC, 89/647/EEC, 93/6/EEC)
1996/0121(COD)
The Commission's amended proposal incorporated the two amendments adopted by the European
Parliament at first reading:
- the first amendment merely rectified a shortcoming in the initial proposal, aligning Article 5(3) of
Directive 89/647/EEC with the proposed text by stipulating that it applies to all the items listed in
the new Annexe III;
- the second had the aim of specifying that the Member States continue to have the option of
applying a weighting of 20% to collateral in the form of securities issued by Zone A regional
governments or local authorities.
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