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Image header Agence Europe
Europe Daily Bulletin No. 9459
Contents Publication in full By article 10 / 35
GENERAL NEWS / (eu) eu/financial services

Formal adoption of directive on prudential assessment of acquisitions and cross-border shareholdings

Brussels, 02/07/2007 (Agence Europe) - The EU27 adopted the directive on the prudential assessment of acquisitions and increased shareholdings in the financial sector (see EUROPE 9386 and 9395) during last week's Environment Council last week. In Council, only Poland voted against the directive. The chapter on the Fazio affair - after the name of the former governor of Italy's central bank who had sought in 2005 to prevent acquisition of two Italian banks by foreign banks - is therefore...

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