摘要：Viewed in terms of the accounting regime, both
2005 and 2006 should be seen as transitional
years in the EU banking sector since the full
implementation of the new IFRS accounting
standards is not expected to have taken place
before the end of 2007, possibly in conjunction
with the implementation of the Basel II Capital
Accord. As described in the introduction, while
the majority of EU countries have already
adopted the new accounting regime for
supervisory purposes, (even if in some countries
small banks were still allowed to report
their accounts under old standards in 2005),
domestic banks¡¯ assets of IFRS-compliant
countries represent only 46% of total EU
banking assets.2 This is largely due to the fact
that two large EU countries ¨C Germany and the
United Kingdom ¨C have delayed their adoption
of IFRS for supervisory purposes, possibly
until 2007, although UK large domestic banks
already publish IFRS accounts.
