Integrate Europe’s bank regulation, says Trichet

Cross-border supervision of banking in Europe needs to be stepped up to encourage integration and ensure the stability of financial systems, the head of the European Central Bank, Jean-Claude Trichet, said 9 May 2007. He urged European Union countries to step up co-operation between national banking regulators in response to the growing internationalisation of the continent's banks.

European Central Bank: Speech, 9.5.07: Towards the review of the Lamfalussy approach: Market developments, supervisory challenges and institutional arrangements. Keynote speech by Jean-Claude Trichet, President of the ECB at the First CEBS Conference, London, 9 May 2007 http://www.ecb.int/press/key/date/2007/html/sp070509.en.html

Committee of European Banking Supervisors: Homepage http://www.c-ebs.org/

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