Reform of EU securities rules moves a step closer

EUROPE - The European parliament yesterday took a decisive step towards acceptance of the Lamfalussy plan for speeding the reform of European Union securities market regulation.

The move could signal the end of its long running dispute with the European Commission over the implementation of new legislation.

The constitutional affairs committee voted overwhelmingly to accept a report by Karl von Wogau, a German Christian Democrat member, aimed at enabling the assembly to achieve common ground wi