EC wants council to assess financial risk

Blackmore, Nicole
June 2009
Money Marketing;6/4/2009, p10
The article reports on the plan of the European Commission (EC) to establish a European Systematic Risk Council (ESRC) and European System of Financial Supervisors. The EC stresses that the move aims to carry out an assessment of the financial risks facing countries comprising the European Union (EU). It reveals that ESRC will oversee stability in the countries' financial system, while, European System of Financial Supervisors will monitor the operations of financial institutions.


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