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- 61 As Alford states: “The success of integrating European financial markets, particularly wholesale markets, facilitated by the common currency, the euro, has highlighted the need for improved supervisory coordination among EU regulators. However, colleges of regulators are not supranational regulators.” See supra, fn. 6, at 360.
- 62 Quoted in House of Commons Treasury - Sixteenth Report The Committee's Opinion on proposals for European financial supervision Session 2008-09 (11 November 2009) p. 3.
- 63 Building a Crisis Management Framework for the Single Market," (Brussels, 19 March 19, 2010): http://www.imf.org/external/np/speeches/2010/031910.htm
- 64 Opinion Of The European Central Bank of 18 March 2010 on a proposal for a Directive of the European Parliament and of the Council amending Directives 1998/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC, and 2009/65/EC in respect of the powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority (CON/2010/23).
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