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Europe Daily Bulletin No. 9917

10 June 2009
GENERAL NEWS / (eu) eu/ecofin
European Council to decide on transfer of power at European level on micro-prudential financial supervision

Brussels, 09/06/2009 (Agence Europe) - European finance ministers subscribe to the broad thrust of the objectives set by the European Commission on the review of the European financial supervision system (see EUROPE 9908). They accept the Commission's recommendations, based on the de Larosière report, which propose a twin-pronged supervision system, one macro-prudential and the other micro-prudential, to be put in place in the course of 2010 (see EUROPE 9848). However, faced with...

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