EU unveils details of financial supervision overhaul
The European Commission said it will propose binding powers for new EU-wide supervisory authorities in its upcoming review of supervision rules for cross-border banks and insurance groups, expected in May. But sensitive issues on how to deal with the collapse of a multinational group remain open, it emerged from debates at this year’s European Business Summit (EBS).
03/27/2009
— Filed under: Finance
Tags: collapse, EBS, proposals
