Wednesday 23 September 2009

Europe: the future shape of financial supervision

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

No comments: