| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/02/669 (7.5.02) |
| Publication Date | 07/05/2002 |
| Content Type | News |
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The European Commission has welcomed political agreements at the ECOFIN Council meeting on 7 May 2002 on the proposed Directive on Financial Conglomerates and on the substance of the proposed Directive on Market Abuse. A final agreement on the latter proposal is expected in June 2002. These agreements are important steps towards meeting the request of the Barcelona European Council in March 2002 for the adoption of all the measures of the Financial Services Action Plan currently being discussed in Council and Parliament. The proposed Financial Conglomerates Directive would introduce specific legislation for the prudential supervision of financial conglomerates and large groups that are important for the stability of the financial system. The proposed Market Abuse Directive would help strengthen investor protection and make European financial markets more secure and more attractive for investors. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/669&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
