The European Commission has today adopted draft legislation the purpose of which is to create a new European financial supervision framework. The legislation makes provision for the creation, inter alia, of a European Systemic Risk Board (dealing with macro-prudential supervision) and a European System of Financial Supervisors (a network of national financial supervisors providing micro-prudential supervision of individual institutions). For further details (and background information) see here. Europe: the future shape of financial supervision
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The European Commission has today adopted draft legislation the purpose of which is to create a new European financial supervision framework. The legislation makes provision for the creation, inter alia, of a European Systemic Risk Board (dealing with macro-prudential supervision) and a European System of Financial Supervisors (a network of national financial supervisors providing micro-prudential supervision of individual institutions). For further details (and background information) see here. Spread The Love, Share Our Article
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