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Europe Daily Bulletin No. 10198

24 August 2010
GENERAL NEWS / (eu) eu/financial services
Revision of directive on financial conglomerates

Brussels, 01/08/2010 (Agence Europe) - On 16 August, the European Commission proposed modifications to European legislation on the prudential supervision of financial conglomerates (Directive 2002/87/EC). This legislative revision aims to resolve the most urgent technical problems which have come to light with the financial crisis of 2008, amongst other things. The new rules may be in force from 2011. The Commission will then take part in a debate extended to international level on the...