France backs Brussels' on bank recapitalisation level

14th October 2011, Comments 0 comments

France supports the European Commission's proposal that banks should build up their level of core tier one capital to nine percent of assets, Finance Minister Francois Baroin said Friday.

"The position of the Commission and Mr Barroso two days ago is acceptable, a nine percent capital level between now and the end of the the first half of next year is good," Baroin said on Europe 1 radio.

© 2011 AFP

0 Comments To This Article