EU finance ministers reaffirm committment to directives timetables

The EU's finance ministers yesterday met in Brussels and reaffirmed their committment to several planned directives that will profoundly influence the UK's financial services sector. The Market Abuse and Financial Conglomerates directives receives specific mention, as did the EU Economic and Finance Committee (EFC). The European Commissioner responsible for internal market issues Fritz Bolkestein said the EC hoped the Market Abuse directive would be finalised by June so that common standards on insider trading and market manipulation could be adopted as soon as possible. A...