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Europe Daily Bulletin No. 7904

16 February 2001
Contents Publication in full By article 10 / 59
GENERAL NEWS / (eu) eu/financial markets
Lamfalussy Committee proposes new system for regulating financial markets to put an end to "Kafkaesque inefficiency"

Brussels, 15/02/2001 (Agence Europe) - The Committee of the wise, chaired by Alexandre Lamfaslussy, handed in its final report on Thursday on regulating the European securities markets. The report lays down the bases for a procedure to accelerate decision-taking on regulating financial markets. It notes the "inadequate" nature of the current legislation, and, in passing, blames the Commission for being "too late at times" in this field. The aim is to create an integrated securities market...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION