Risk Europe: EU supervision package could be delayed

EU flag

A major overhaul of the European architecture for financial supervision could be delayed by disagreements on the details between the three main European Union (EU) bodies, a senior European Commission (EC) official said yesterday.

Speaking on a panel discussion at the Risk Europe conference in Frankfurt, John Berrigan, director for financial stability at the EC, said he was hopeful the supervision package would be finalised within the next two months as planned, but admitted that "might be optimi