Brussels, 22/11/2004 (Agence Europe) - The Commission has opened a public consultation on progress made in regulating the securities markets under the "Lamfalussy" approach. The consultation will remain open until 31 January 2005.
According to a Commission working document, the "Lamfalussy" approach has brought greater flexibility and speed into the legislative process and favours swift adaptation to developments on the financial markets. The "Lamfalussy" approach is made up of four levels...