Brussels, 22/06/2009 (Agence Europe) - The European Banking Federation (EBF) welcomes the conclusions of the European Council which shows the way to launching reform of the European system for financial supervision at macro- and micro-prudential levels (see EUROPE 9925). In a press release, it states it is “particularly pleased to see the agreement on the creation of the three new European Supervisory Authorities” in the transferable securities, banking and insurance sectors. The ability...