Pressure to adopt the least-worst option

The independent High Level Group on financial supervision set up by the European Commission President José Manuel Barroso and chaired by Jacques de Larosière will hold its initial meeting on 12 November. The Group will make recommendations to the Commission on strengthening European supervisory arrangements covering all financial sectors, with the objective of establishing a more efficient, integrated and sustainable European system of supervision and also of reinforcing cooperation between European supervisors and their international counterparts.

This article reviews the options that are emerging as the Group carries out it work.

ESO: Background information: High Level Expert Group on EU financial supervision to hold first meeting on 12 November http://www.europeansources.info/record/press-release-high-level-expert-group-on-eu-financial-supervision-to-hold-first-meeting-on-12-november/

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