Go to the Content   Friday, 25 May 2012
 

Single EU financial watchdog not needed

By Simon Taylor   -  25.02.2009 / 12:16 CET
De Larosière report wants co-ordinated supervision of the financial markets rather than single EU regulator.

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Picture 1
Jacques de Larosière, as seen by Marco Villard.
Fact file

The De Larosière group

A European Voice profile of Jacques de Larosière can be read here.

The other seven members of the group are:

Leszek Balcerowicz: former head of the Polish national bank and, as finance minister, the architect of Poland's “shock therapy” in the early 1990s.

Otmar Issing: Sat on the executive board of the European Central Bank from 1998 until 2006. Was previously a member of the board at the Deutsche Bundesbank (1990-1998).

Rainer Masera: Former managing director of Lehman Brothers in Italy and former chairman of Sanpaolo IMI Group.

Callum McCarthy: Former chairman of the Financial Service Authority (FSA), the UK's financial-services regulator.

Lars Nyberg: Deputy-governor of the Swedish national bank.

José Perez Fernandez: President of Intermoney, an analytical group assessing global, cross-market arbitrage opportunities.

Onno Ruding: Former vice-chairman of Citicorp/Citibank, USA, former minister of finance in the Netherlands. Currently chairman of the Centre for European Policy Studies (CEPS).

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