NU Online News Service, Sept. 8, 3:44 p.m. EDT
A British official endorsed a European Union plan to coordinate financial services supervision, including insurance, across EU member countries through new watchdog agencies, according to an article in the New York Times.
According to the Times article, Britain's chancellor of the Exchequer, George Osborne said, "We welcome the creation of architecture at the European level that can coordinate national supervision."
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