The European Commission came forward with a package of legal proposals for strengthened regulation of the financial sector on Wednesday (23 September), as the EU seeks to prevent a repeat of the last year's meltdown.
The bundle of draft regulations is a direct result of political decisions taken by EU leaders meeting in Brussels in June and a meeting of finance ministers earlier the same month.
"In Brussels' time, this rapid progress is equivalent to the speed of light," said in...
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