Friday, 11 February 2011

Europe: Commission progress report - regulating financial services for sustainable growth

The European Internal Market Commissioner, Michel Barnier, has published a progress report titled Regulating Financial Services for Sustainable Growth to mark the first anniversary of his holding office: see here (pdf). This contains a useful timetable of forthcoming developments which includes, for June 2011, the publication of legislation on corporate governance in financial institutions designed to "improve risk control and oversight as well as enhance supervisory review of risk governance in financial institutions".

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