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EU executive to pause with new securities rules

EU executive to pause with new securities rules

by Rick Turoczy on December 6, 2004

The European Commission plans to take a pause in financial market regulation and does not expect to unveil any major proposals in this area in 2005, EU Internal Market Commissioner Charlie McCreevy said on Monday.

McCreevy, a former Irish Finance Minister at his first public appearance as EU internal market chief, delivered a speech in which he confirmed his aversion for overregulation.

“I cannot promise that there will be no proposals from the Commission during my mandate. But I can at least reassure you that I do not envisage bringing forward any major … proposals aimed at securities markets during 2005,” McCreevy said at a conference of the Committee of European Securities Regulators.

EU executive to pause with new securities rules

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