We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

EU Pushes For Risk Monitor, New Finance Watchdog

Law360 (May 27, 2009, 12:00 AM EDT) -- The European Commission on Wednesday unveiled its plan for financial system regulatory reform, complete with the creation of a European systemic risk regulator and a new regulator to monitor individual financial institutions.

The plan calls for the creation of the European Systemic Risk Council to evaluate large-scale risks to the financial system, or what the European Union calls macro-prudential supervision, and the formation of the European System of Financial Supervisors that would oversee individual financial institutions.

More robust and coordinated regulation of cross-border financial institutions within...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.