Own Funds Directive Directive (1989/229/EC).
The European Directive introduced harmonised rules for the definition of tier 1 and tier 2 capital within the EU, implementing the requirements laid out in the 1988 Basel Accord.
The European Directive introduced harmonised rules for the definition of tier 1 and tier 2 capital within the EU, implementing the requirements laid out in the 1988 Basel Accord.