European super regulator rules passed
Rules passed today which create three new European Supervisory Authorities and a European Systemic Risk Board keep national regulators at the fore whilst ensuring a common rule book to prevent future economic crises, Kay Swinburne MEP, European Conservatives and Reformists group economics spokesman, said today.
The package's adoption ends 18 months of negotiations that stemmed from the De Larosiere report prepared for the commission in 2009.
The ESAs, which will be up and running by January 2011, have the
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