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Europe Daily Bulletin No. 10116

13 April 2010
Contents Publication in full By article 12 / 31
GENERAL NEWS / (eu) eu/financial services
Decisions by future supervisory authorities must apply directly to financial entities, says Michel Barnier

Brussels, 12/04/2010 (Agence Europe) - The Commissioner responsible for the internal market Michel Barnier reiterated his preference for the European supervisory authorities having directly binding powers applicable to the financial institutions. On Monday 12 April he declared during an ECB organised conference that this is a last resort but it is important that this measure existed. He also provided assurances that future proposals on bank capital requirements (Basel IV ») would be...

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ECONOMIC INTERPENETRATION
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