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banking directives


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Directives on various aspects of banking practice issued by the EU parliament and Council of Ministers; they include directives on solvency ratios, large exposures, and money laundering. The most important is the Second Banking Directive, which concerns the licensing of banks in EU countries other than their domicile. The Investment Services Directive and Markets in Financial Instruments Directive applied the principles outlined in the Second Directive to investment products.

Subjects: Financial Institutions and Services — Accounting.


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