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Image header Agence Europe
Europe Daily Bulletin No. 8288
Contents Publication in full By article 22 / 44
GENERAL NEWS / (eu) eu/financial services

Saving Bank groups oppose creation of single European supervisory authority

Brussels, 02/09/2002 (Agence Europe) - The European Savings Banks Group (ESBG) has appealed for a strict respect of the principle of subsidiarity in the area of financial services by stressing in a press release that the regulation of financial services "continue to remain regionally or nationally based". The ESBG "strongly believes that prudential supervision in the EU should be determined…at the national level" and that "The existence of a single European supervisory authority is...

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