Friday, August 12, 2005

EU to launch database on securities regulation


Authorities around the world will access information on securities regulatory decisions made within the European Union

The committee of European Securities Regulators is about to launch a database giving authorities around the world information on securities regulatory decisions made within the European Union (EU), to encourage harmonised approaches.

A symbol of the more hands-off approach now favoured by the European Commission, communications officer Victoria Powell said securities regulators could check a scenario they are facing, see if it had been processed in the past, and if so, apply the same reasoning.

See full Article.