Author (Person) | Barber, Tony |
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Series Title | Financial Times |
Series Details | 4.4.08 |
Publication Date | 04/04/2008 |
Content Type | News |
Article reports that European finance ministries, central banks and financial supervisory authorities were set to co-operate more closely to avert cross-border financial crises under an agreement adopted on the 4 April 2008. At an informal ECOFON Council, Brdo (Slovenia), 4-5 April 2008 EU Finance Ministers and Central Bank Governors discussed financial stability in the European Union - financial sector supervision, crisis management mechanisms and current trends on international capital markets. The ministers and central bank governors adopted an amendment to the 2005 Agreement which contained general principles, practical guidelines for crisis management and an analytical framework for preparing responses. Separately, the European Central Bank expressed concern that warnings about threats to EU financial systems might not be passed on fast enough, highlighting unease at current regulatory arrangements. |
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Subject Categories | Business and Industry, Internal Markets |
Countries / Regions | Europe |
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