Bloomberg News

ESMA Publishes Guidance on Bank’s Sovereign-Debt Writedowns

November 25, 2011

Nov. 25 (Bloomberg) -- The European Securities and Markets Authority today published guidance to banks on how to value their holdings of Greek and other sovereign debt as part of a drive to stamp out variations in how far different lenders have written down their holdings.

--Editor: Jones Hayden

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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