Brussels, 20/03/2009 (Agence Europe) - The European Council will make the first decisions on the reform of the European financial supervisory system in June. The proposals from the European Commission, expected at the end of May, will draw heavily from the work of the high level expert group chaired by Jacques de Larosière de Champfeu. Further legislative proposals will follow in the autumn.
“We decided that the June European Council will establish the new financial supervisory system...