France may introduce 'super-regulator'

On Wednesday the French government proposed a series of measures aimed at restoring confidence in the country's stock market, including the creation of a financial super-regulator and a tightening of controls over the accounting profession.

Unveiling the draft legislation, which is seen as the French equivalent to last year's Sarbanes-Oxley law in the US, Francis Mer, finance minister, said France had "nothing to be embarrassed about" in the recent governance of its quoted companies and observ

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