Keith Nuthall
EUROPEAN Union ministers have approved in principle reforms to EU regulations on financial conglomerates, aimed at avoiding an Enron-style scandal in Europe. They have approved the creation of national regulators whose job is to supervise conglomerates and help improve the flow of information about their accounts. The changes also insist on healthy management standards and impose rules on calculating group-wide solvency.

Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.