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Image header Agence Europe
Europe Daily Bulletin No. 9906
Contents Publication in full By article 16 / 33
GENERAL NEWS / (eu) eu/financial services

Commission should make ECB reference authority for macro-prudential supervision

Brussels, 20/05/2009 (Agence Europe) - On Wednesday 27 May, the European Commission is to present the principles of the structure for the new financial supervision in Europe. Amongst other things, the College of Commissioners will propose entrusting the president of the European Central Bank (ECB) with the chairmanship of the future European Systemic Risk Council, in line with the proposals of the Larosière group (EUROPE 9848). The new body would not have any binding powers over the member...

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