EU members clash on accounting overhaul

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EU members clash on accounting overhaul

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The flag of the European Union sways in the wind attached to a pole in front of the European parliament building in Strasbourg, France, 12 April 2016. Photo: Karl-Josef Hildenbrand/dpa | Karl-Josef Hildenbrand/DPA/PA Images

Experts from the 28 EU member states this week began discussions on new accounting rules for the banking sector set to come into force from 2018 and, particularly, on how European banks can cope with the capital volatility they will cause.

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