An upgrade of the 'collegiate' approach to regulation is underway as EU finance ministers gather in Brussels
Brussels is considering an overhaul of the collegiate system of financial regulation whereby different national securities regulation act in concert.
Maintaining the status quo in EU regulation and supervision is not a suitable option for the way forward, Jean-Claude Trichet, European Central Bank (ECB) president, said at the opening of the 2007 Eurofi Conference yesterday.
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