A third Brouwer report was published in September of this year which, inter alia, suggested recommendations for the procedures by which Community regulation is agreed, drawn up and adopted in an attempt to speed the presently rather cumbersome process. Financial markets cannot function properly cross-border without a co-ordinated regulation and supervision for banking, insurance and securities markets as well as across these markets.
It rests on the fundamental premise of how citizens can meaningfully express their voice and articulate their concerns on the acts of omission and commission of public agencies. It has been said that “information is Oxygen for a democratic society”.