| Author (Person) | Parker, George, Tait, Nikki |
|---|---|
| Series Title | Financial Times |
| Series Details | 3.12.09 |
| Publication Date | 03/12/2009 |
| Content Type | News |
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At the Ecofin Council, Brussels, 2 Deceber 2009, EU Member States agreed on a general approach on draft regulations aimed at establishing three new authorities for the supervision of financial services in the EU, namely: a European Banking Authority, a European Insurance and Occupational Pensions Authority and a European Securities and Markets Authority. The ministers asked the Presidency to start negotiations with the European Parliament with a view to enabling adoption of the texts at first reading. The draft regulations are part of a package of proposals to reform the EU framework for the supervision of banking, insurance and securities markets in the wake of the global financial crisis. |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
