Lamfalussy reforms in jeopardy

Proposals designed to speed up European securities market regulation are in trouble after the European Commission rejected a deal proposed by the European Parliament.

At the recent Stockholm summit the Commission, and the EU's Council of Ministers, agreed to go ahead with the new structure for "fast-tracking" EU securities law proposed by the Committee of Wise Men headed by Alexandre Lamfalussy. The influential Economic and Monetary Affairs Commission of the parliament proposed an agreemen

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