European Commission finalises regulatory fix
The European Commission on Wednesday unveiled the final version of its ambitious reforms for the region's supervisory framework.
"Our aim is to protect European taxpayers from a repeat of the dark days of autumn 2008," José Manuel Barroso, the European Commission president, said. "This European system can also inspire a global one and we will argue for that in Pittsburgh."
The reforms will see the creation of two new authorities: a European Systemic Risk Council (ESRC) and a European System of
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