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.

Ministers met in Spain with a group of company law experts, chaired by professor Jaap Winter, legal adviser to Unilever. The group, which was set up in September 2001 and had been working to complete a report on corporate governance for completion by July, was asked to extend its mandate and given two more months to look at the additional issues.

The European Commission's (EC) internal market and taxation commissioner, Frits Bolkestein, suggested to ministers that the EU should address the

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