European Union finance ministers approved a set of proposals on Tuesday in advance of a global summit this month on strengthening the world’s financial system.The proposals approved on Tuesday include the rapid creation of supervisory colleges for all significant cross-border financial companies, and stronger risk control mechanisms to be placed under the direct responsibility of senior management.

This entry was posted by Sam Jones on Wednesday, November 5th, 2008 at 5:29 and is filed under Capital markets. Tagged with eu. Edit this entry.