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Europe Daily Bulletin No. 9061

4 November 2005
GENERAL NEWS / (eu) eu/ecofin council/financial services
Charlie McCreevy suggests changing EU rules to speed up supervisory convergence

Brussels, 03/11/2005 (Agence Europe) - In a letter sent last week to the economics and finance ministers of the 25 EU Member States, European Internal Market Commissioner Charlie McCreevy says 'we need to accelerate supervisory convergence in both theory and practice,' in the financial sector. 'In this context, the Commission is planning to propose amendments to the relevant sectoral directives… to facilitate greater supervisory cooperation and remove unjustified obstacles to cross-border...

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