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McCreevy on financial regulation and integration

In the speech 'Financial regulation, integration and competitiveness' given on 17 October Charlie McCreevy of the Central Bank of Ireland said that the supervisory approval process for financial sector acquisitions in many member states is often long, cumbersome and opaque.

The results of the consultation launched by the Commission on barriers to cross-border consolidation have strongly confirmed this. Mr McCreevy said that he will propose amendments to the relevant banking and insurance

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