European Union (EU)

Small firms welcome EU proposals

BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.

EU officials act on post-Enron policy issues

European Union (EU) finance ministers and central bankers ordered a review on Saturday of the supervisory issues for derivatives trading and the preparation of financial data to try to avoid any Enron-like collapses in Europe.

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