Financial Times FT.com

Brussels warns on accounts rules

By Nikki Tait in Brussels and Rachel Sanderson in London

Published: November 20 2009 18:42 | Last updated: November 20 2009 18:42

Brussels has warned that it will be months before it decides whether to support a radical overhaul of accounting rules on how banks and other financial institutions value their assets.

Charlie McCreevy, the outgoing internal markets commissioner, has stepped into the debate that rattled the European financial industry last week.

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