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Europe Daily Bulletin No. 9501

14 September 2007
GENERAL NEWS / (eu) eu/financial services
Economic and financial committee calls for greater transparency in financial markets

Brussels, 13/09/2007 (Agence Europe) - In a paper on financial stability in the European Union, a copy of which has been obtained by EUROPE, the economic and financial committee (EFC) of the Council of the EU believes that “transparency (of financial markets) and management of financial institutions' exposures” towards complex financial products “and hedge funds will need to continue to be enhanced to restore confidence” among investors. “Recent turbulence in financial markets has...

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