On the basis of the document 'International Convergence of Capital Measurement and Capital Standards: a Revised Framework' (Basel II) published by the Basel Committee on Banking Supervision on 26 June 2004, on 14 July 2004 the Commission presented a proposal for a directive recasting Directives 2000/12 EC and 93/6/EEC on own funds.
On the basis of the document 'International Convergence of Capital Measurement and Capital Standards: a Revised Framework' (Basel II) published by the Basel Committee on Banking Supervision on 26 June 2004, on 14 July 2004 the Commission presented a proposal for a directive recasting Directives 2000/12 EC and 93/6/EEC on own funds.