Strengthening sanctions for violations of EU financial services rules
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IndustryDeadline: 19/02/2011
See also: Press release
The financial crisis has shown that financial market rules are not always respected and applied as they should be across the Union. Ensuring proper application of EU rules is first and foremost the task of national authorities, who have the responsibility to prevent financial institutions from violating EU rules, and to sanction violations within their jurisdiction. But national authorities need to act in a coordinated and integrated way.