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.

By The Newsroom

Published 1st Sep 2010, 22:18 BST

Updated 2nd Sep 2010, 23:15 BST

The agencies will monitor banks, insurance companies and trading on markets, in a bid to strengthen financial supervision in Europe.

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