Warring financial watchdogs told to stop fighting

European Union Finance Ministers have called on securities regulators throughout Europe to come up with a workable mediation mechanism by the end of 2006. The move was welcomed by financial services groups that want more stable regulation.

Economic and Financial Affairs Council, Brussels, 5 May 2006: Council conclusions on Financial Supervision http://www.consilium.europa.eu/ueDocs/cms_Data/docs/pressData/en/ecofin/89439.pdf

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