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European watchdog plan edges nearer
European Union diplomats reached a deal yesterday to create three pan-EU financial watchdogs by the start of next year, EU markets commissioner Michel Barnier said.
The agencies will monitor banks, insurance companies and trading on markets, in a bid to strengthen financial supervision in Europe.
Meanwhile,( EU( finance( ministers( are( no( closer( to( cutting( the( number( of( ( European( seats( at( the( Executive( Board( of( the( International( Monetary( Fund,( as( sought( by(( the( United( States,( EU( sources( said.
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Weather for Edinburgh
Friday 25 May 2012
Today
Sunny spells
Temperature: 9 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 19 C
Wind Speed: 15 mph
Wind direction: North east
