News

The Economic and Social Committee of the EU has adopted an opinion on the de Larosière report on financial supervision in Europe.



The opinion broadly supports the de Larosière recommendations, but suggests a number of ways to strengthen it. This includes higher capital requirements and higher transparency of financial products refering to rules governing in Spain, and the introduction of a tax on financial transaction.



Furthermore, the opinion states - in line with UNI europa finance policy - "the boards of the three new authorities should not be composed of only bankers. Trade union organisations, consumers of bank services as well as the EESC, as the representative of civil society, should also be given places on the boards."



The opinion is enclosed this article in English, French and German. It is available in other languages on http://eesc.europa.eu/documents/opinions/avis_en.asp?type=en