The European Commission said on Thursday it is considering creating a new authority to police financial crime and monitor banks more strictly, confirming a Reuters report. In an action plan to the EU’s 27 governments, the Commission, the EU executive, said the Union needed a system to tackle money laundering and financial crime with an EU-level supervisor. “An integrated system should be put in place,” said the document sent to EU capitals and made public on Thursday. The Commission cautioned however that it needed to first conduct an assessment of the possible impact of such a scheme. Any EU-level supervision could ... (full story)