Wednesday March 20 2013
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: European Union
A deal on banking supervision legislation that will strengthen EU-level oversight of many EU banks was struck by Parliament and Council negotiators. Parliament’s negotiators inserted many provisions strengthening the system’s transparency and accountability. They also ensured that its working structures will be imbued with a European spirit, rather than reflecting just a sum of national interests.
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