EC’s McCreevy looks to integration
BRUSSELS -- Charlie McCreevy, the new director general of the internal markets directorate at the European Commission (EC), kicked off his first month in office with a series of speeches on the importance of reinforcing the integration of the EU’s financial services sector.
When it comes to Basel II and other EU directives, McCreevy is putting an emphasis on aligning domestic rulemaking and legislation across the EU as much as possible. "My staff will be in constant contact with the member states," said McCreevy in a speech in Frankfurt in mid-December. "We will work closely with them and the regulators to achieve convergence on implementation of technical provisions. We will work constructively to solve any problems encountered. An overall objective will be to
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