Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EU May Probe Austria’s New East Europe Bank Rules, Standard Says

Don't Miss Out —
Follow us on:

Jan. 11 (Bloomberg) -- The European Commission is investigating whether new Austrian rules for the country’s banks’ eastern European units are violating European Union rules, Austrian newspaper Der Standard reported.

The Commission, the EU’s executive body, was alerted by several eastern European finance ministers, which fear the rules may crimp growth in their countries, the Vienna-based newspaper reported, without saying where it got the information.

The rules, which demand that Austria’s top three banks fund their lending in eastern Europe mostly via deposits, may be inconsistent with the EU’s rules on the free movement of capital, Der Standard said.

To contact the editor responsible for this story: Boris Groendahl at bgroendahl@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.