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European Supervisory Authorities: Consultation on technical advice under the Financial Conglomerates Directive

( May 14, 2012, 10:02 GMT | Official Statement) -- MLex Summary: EU financial regulators suggested a wider supervisory remit and stricter internal governance rules for financial conglomerates in a consultation opening a review of the capital law on firms combining banking, insurance and securities. The document considers the scope of application, the group-wide internal governance requirements and supervisory powers under the directive.The text of the full statement follows. Click the attachment below to read the consultation....

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