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EU banks' software assets carveout the subject of EBA consultation

( June 9, 2020, 16:25 GMT | Official Statement) -- MLex Summary: EU banks would be offered a capital carveout for software holdings based on the assets' amortization under plans put out for consultation by the European Banking Authority today. The draft laws aimed to take account of the limited resale value of software if a bank failed, the EBA said.EBA launches consultation on technical standards specifying the prudential treatment of software assets...

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