Brussels, 19/01/2011 (Agence Europe) - On Wednesday 19 January, the European Commission adopted a draft proposal to adjust European legislation on the financial services that came into force at the beginning of the year, of the new EU financial services supervision system. This includes the creation of three new EU supervisory authorities (one for banking, one for insurance and pensions, and one for securities, see EUROPE 10285).
The draft directive gives details of the powers of the three...