EU considers one financial regulator for all
BRUSSELS - A series of cross-border bail-outs and individual national responses has stimulated debate in Brussels over whether the EU internal market requires an EU-level regulator capable of delivering a coherent and united response to the still-unfolding global financial crisis.
This could lead to the supervisory colleges, initially established for the largest cross-border financial institutions, evolving into a more formal regulatory body, with the Level Three Lamfalussy Committees - the
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