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Legal Developments worldwide

THE DE LAROSIÈRE REPORT

August 2009 - Finance. Legal Developments by MOLITOR Avocats à la Cour.

More articles by this firm.

The current financial crisis has highlighted the possible side effects of the globalisation and, to a certain extent, proves a certain weakness of the European Union in this respect.

In this context, the President of the European Commission José Manuel Barroso commissioned in October 2008 a report from the “High-level Group on Financial Supervision in the European Union”, directed by the former International Monetary Fund and ex-Bank of France Governor, Jacques de Larosière.

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