Europe: Commission proposes amendments to the Financial Conglomerates Directive

The European Commission has published proposals to amend the Financial Conglomerates Directive (2002/87/EC), the purpose of which is to provide Member States' regulators with greater powers in respect of so-called supplementary supervision. For further information see: FAQs | Proposal text (pdf) | Impact Assessment - full text (pdf) : executive summary (pdf) |