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Europe Daily Bulletin No. 8941

4 May 2005
GENERAL NEWS / (eu) eu/competition
Neelie Kroes to request mandate for conducting inquiries in financial market sectors

Brussels, 03/05/2005 (Agence Europe) - Within the next two weeks, Neelie Kroes will be asking the College of Commissioners for a mandate (18 months maximum) for launching sector-specific inquiries into financial services and retail banking, the director general for competition, Philip Lowe, explained on Monday evening. The inquiries, which could last about one year, are expected to clarify why integration of the financial market remains hesitant and to determine what should be done to ensure...

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