Charlie McCreevy has spoken on:

  • private equity: he spoke on the pressures on the Commission to legislate about private equity funds. Parliament has made several recommendations for the Commission to consider before it decides whether to propose legislation; and 
  • the future structure of supervision: he looked at a “Lamfalussy follow up”, including showing how the EU can react quickly to crises. He said the Commission planned to propose an increase in minimum compensation under deposit guarantee schemes following Member States’ action to increase them anyway. He also mentioned the need to update accounting rules to give EU banks the same flexibilities as US banks.