The European Parliament gave the go ahead to reform of supervision of the financial markets. The curbs will come into being as of January 1, 2011, with the creation of three new European authorities (EBA, ESMA, and EIOPA) covering banks, insurance and stocks, as well as a new European Systemic Risk Board to oversee European financial stability.
IRAN: 5+1, SOLUTION ON NUCLEAR AS SOON AS POSSIBLE
The 5+1 group has urged to find a solution to the nuclear issue with Iran as soon as…