Brussels, 10/09/2010 (Agence Europe) - The European Banking Federation is happy that the Council of Ministers and European Parliament have agreed in principle on a new financial supervision system for the European Union (see EUROPE 10209). In a press release, the EBF says that the new system “addresses some of the major prudential issues for the financial industry in the European Union and can even be an example for global cooperation”. The EBF says the new set-up is a step towards...