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Breakingviews - EU investment banks face the regulatory microscope

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(Reuters Breakingviews) - Europe’s careworn investment banks have something new ...

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EU investment banks face the regulatory microscopeWith the region’s bad-debt crisis on the wane, supervisors will shift their focus to probing lenders’ risk models and 132 billion euros of hard-to-value assets. For banks which had previously relied on their own guesstimates, that could mean higher capital charges. Reuters CGAThompson Think they might find the missing billions of Euros, probably not. The EU has its own accounting system answerable to no one. Oh forgot they have not produced proper accounts for years. Ever wondered why Switzerland are never persuaded to join the EU club
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