| | | GEOGRAPHIC REGIONS : EU, International, France, United Kingdom | | | | TOPICS : economy, banking, finance, policy, regulation | | | | SIGNIFICANCE : If approved by the EU Parliament, the measures would take effect in 2010. A comprehensive rethink of global financial regulation is unfolding in response to the credit crisis, which is enhancing the relative importance of EU and EU member state regulators. The revised framework -- which will take several years to realise -- will rely on improving internal EU regulation, and promoting global regulatory norms, rather than creating new supranational regulatory institutions to span either the G7 or a wider set of countrie |
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