European Commission President José Manuel Barroso has asked a panel of experts to suggest “far-reaching proposals” to improve cross-border securities regulation within the European Union. The aim is to fix failings exposed by the credit crunch.
The EU already has the Committee of European Securities Regulators, charged with improving supervision, but “more is clearly needed,” Barroso said recently. “We need to remove the mismatch between European financial markets on the one hand, and purely national supervision on the other.”
