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Europe Daily Bulletin No. 9752

2 October 2008
GENERAL NEWS / (eu) eu/financial services
Commission proposes systematic creation of colleges of supervisors for 40 pan-European banks

Brussels, 01/10/2008 (Agence Europe) -European Commission hopes to show that it is acting to reinforce financial stability in this period of extreme tension on the markets. "It is most appropriate that we submitted this proposal just as we were experiencing the worst turbulence", said the European Commissioner for the internal market, Charlie McCreevy, on Wednesday 1 October, presenting the Commission's proposals aiming to modify European legislation (directives 2006/48/EC and 2006/49/EC,...

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