EU considers one financial regulator for all

Regulatory News

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 C