- CNTV English - CCTV News

EU reaches deal on financial supervision

09-03-2010 09:55 BJT

Watch Video

Play Video

European Union member states and the European Parliament have reached a deal to establish a new financial supervision regime across the 27-nation bloc.

Under the compromise agreement reached late Thursday, three new pan-EU financial watchdogs will be created by the start of next year to oversee banks, insurance companies and market trading. They will have limited powers to overrule decisions made by national regulators. The watchdogs will also have a final say in resolving a dispute between EU member states. The new watchdogs will also be able to monitor how national supervisors implement their obligations under EU law. They will also have the power to investigate specific types of financial institution, financial product, or financial activity, to assess what risks they pose to the market.


Editor:Zheng Limin |Source: CNTV

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program