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Europe Daily Bulletin No. 9981

22 September 2009
Contents Publication in full By article 18 / 38
GENERAL NEWS / (eu) eu/financial services
Commission examines question of sharing financial burden in cross-border bankruptcies

Brussels, 21/09/2009 (Agence Europe) - Charlie McCreevy, the Commissioner for the internal market declared on Friday 18 September in Dublin during a “Public Affairs in Ireland” conference - “We intend to issue a Communication on the EU's cross border crisis management framework, which requires significant upgrading”. The ongoing exercise at the Commission aims to tackle the spectre of future financial crisis: the existence of preventive mechanisms (Basle II on own fund, the European...

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