EU commissioner aims to increase co-operation and reduce cost of regulation
Launching “Financial services integration – the Commission’s White Paper” at the European Financial Services Round table today, McCreevy emphasised the need to consolidate legislation over the next four years while avoiding adding new legislation. This will make it possible to transpose various European directives into national law and allow time for home regulators to adapt.
McCreevy acknowledged that while some outstanding issues such as Solvency II and the Markets in Financial Instruments
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