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Michel Barnier is renamed in the United Kingdom for its position on complex parts of town commerce photo: Reuters

Mr Barnier announced proposals for a public consultation on the review of the European Commission in Brussels for business investment, the markets in financial instruments (Mifid) directive key regulatory framework.

Mr Barnier, which is renamed to Britain for its position on the complex parts of commerce of the city, said: "the initial objective of this master piece of European legislation, Mifid, was to create a strong common regulatory framework for Europe's securities markets." In many respects, it was a success. But the world has changed.

"My goal is to make the revision of the Mifid lead to a regulatory framework more loudly, adapted to new trends and stakeholders in the financial markets." And a framework leading to greater transparency and efficiency, so that more protection for investors in the market.

Proposals draw plans for a radical expansion of the existing rules as well as more stringent regulations and greater transparency.

Published Wednesday, explains the consultation will be central to "provide a robust regulatory framework covering all the activities of services investment and appropriately to avoid the risks associated with non-covered activities".

Mr Barnier vision includes extending rules of transparency, which currently covers only actions, to include some of the more opaque areas of the financial markets, including the so-called "dark pools" and "over-the-counter" derivatives.

The politician has requested that regulations fight against the "high frequency" that uses computers to buy and sell shares and bonds trade quickly.

The practice was suspected of triggering of the so-called "flash crash" in may, when the Dow Jones plunged almost 10pc in minutes.

Study also examine the causes of the recent volatility of the prices of raw materials, for example in the markets of copper and silver, with a particular control of the derivatives markets.

In the document, regulators said they will consider "reporting requirements may be necessary to improve the flow of information, and if the position limits must be regarded as".

Consultation will remain open until 2 February 2011 to make legislative proposals in the spring of next year.

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The Government said late Monday that it had reached an agreement to sell its remaining funds of the common shares of Citigroup and end turn a profit of 12 billion dollars by the giant Bank rescue plan.

The Department of the Treasury Board stated that final offer of the shares of approximately 2.4 billion shares of Citigroup Inc. was price $4.35 per share.

With the proceeds of the sale, the Government will be achieved $ 57 billion on its large bank rescue package.

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By selling today all remaining shares of Citigroup, we were able to block substantial profits for the taxpayer and to avoid future risks, said Tim Massad, officer of the Treasury, who leads the program rescue."

"With this transaction, we advanced our goals of recover TARP funds, to protect the taxpayer and how the company ownership stakes in private companies, Government" Massad said in a release.

"Step".
Citigroup received 45 billion in support of the taxpayer in late 2008 in one of most important Government struggled to contain the worst financial crisis hitting the country since the 1930s Bank rescues.

"CITI is pleased the Department of the Treasury established to plans to leave his remaining funds of the common shares of Citigroup." We are very grateful for the support provided by the Treasury to the financial crisis, "Citigroup Jon needed spokesman said in a statement."

"This is an important step for the Government and Citigroup," James Angel, a professor at Georgetown University finances, told the Wall Street Journal. "He pointed out that the company was fully privatised and parole is."

Linus Wilson, a professor at the University of Louisiana at Lafayette, finance, said the newspaper sales of a Government strategy was a success. "They have a risk by not at the beginning of the sales or selling too much at a time", he said.

The move to sell the remaining shares in a large offering following successful initial public offering last month in General Motors Corp., which significantly reduces the participation of the Government.

The Government introduced 49.5 billion in GM for its giant automaker bailout plan. Last week, Treasury Board announced that he had received 1.8 billion additional dollars in net proceeds from the sale of stock of GM, bringing the total until it has received a public offering of GM stock at $ 13.5 billion.

The Treasury Board should start selling its stake in the aging insurer American International Group next year and expects a profit on the complicated series of transactions.

George Ball, President and Chief Executive Manager money shop Sanders Morris Harris Group, said that the Wall Street Journal, the sell-off marked "rolling" the bailout Citigroup Global. He said "subsequent sale of the Government Bank stock is much less important, regarded as objects in the mirror rather than important cue points,".

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Ball added that the Bank was now "a simpler and more predictable animal and is very important for survival."

The bailout of Citigroup and other big banks started under Republican George w. Bush administration, but transformed an important political responsibility for President Barack Obama Congress last month's elections.

Republicans have taken control of the House of representatives and won six seats in the Senate by capitalizing on the wrath of the voter on the plan rescue and federal budget deficits increased.

Administration insisted that subsidies are necessary to prevent a still deeper recession.

$ 25 Billion TARP
They said the cost of it will be decreased as Citigroup and other surviving institutions repaying their loans from the Government.

The last estimate of the budget for the Congress at the end of November that Asset Troubled 700 billion program would eventually cost the Government 25 billion, down to an August CBO estimate of $ 66 billion.

45 Billions of dollars in support of taxpayer of Citigroup, $ 25 billion has been converted into a set of Government property as the Treasury Board was winding up since last spring. The Bank has repaid the other 20 billion in December 2009.

Commission stated that prices of latest actions 2.4 billion shares, on Monday, he will receive 31.8 billion sale of common shares and $ 2.9 billion in interest and dividends.

The total of $ 57 billion includes also the $ 20 billion of Citigroup December 2009 refund money TARP and $ 2.2 billion from the sale of trust preferred securities held by the Government.

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Sale, however, do step completely frees Citigroup Government clutches. Treasury Board also stated that it would continue to hold warrants to buy Citigroup shares issued within the framework of the bailout. They may be redeemed by Citigroup or sold in a separate auction sale for an additional benefit.

Real earnings are expected to climb with 800 million trust preferred securities held by the Federal Deposit Insurance Corp. and sale of subscription sales.

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Commission had prepared approximately 5.3 billion shares at an average price of $4.05 before Monday remaining stock prices.

With pricing of $4.35 shares offered Monday, average price of the Treasury Board for shares of 7.7 billion for all of the shares will turn out to be $4.14.

Many Monday, which Morgan Stanley acted as bookrunning, Director should close on Friday, said the Treasury. Citigroup to pay subscription fees.

Shares closed at $4.45 Monday trade Citigroup and varied from a minimum of $3.11 to a maximum of $5.07 for 52 weeks.

The Associated Press and Reuters have contributed to this report.

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But the European Commission has insisted there were new concessions to members in its recent proposals in the form of an "Emergency Fund" of up to €3. 5bn (￡ 3) in case of unforeseen circumstances. "

Discussions on the budget of the European Union ended in stalemate last month after Britain leads a group of countries who refuses to provide members of Parliament more dirty word to say in the future spending priorities.

EU budget today Commissioner Janusz Lewandowski said the Commission was anxious to get the €126. 5bn budget approved by the end of the year.

Did not do so would be tantamount to an efficient spending of the EU, gel that budget line is set.

That combination Prime Minister David Cameron, who wanted a spending freeze throughout, but agreed with the other Ministers accept a 2 9pc rise, but not one euro more.

Today new compromise sticks to this promise – the Commission confirming that "pension fund" could not in any case be used by 2012 at the earliest.

But Mr Lewandowski seized the concession as key to an agreement with Parliament in the coming weeks, saying: "I am pleased that Council (Ministers of the EU) have agreed to establish a margin of emergency of until 0 03pc (€3. 5bn) as an instrument of last resort to respond to unforeseen circumstances."We welcome it as a step forward.?

However, such a fund already exists in the current book of the rule of the EU budget, and members may now require a larger prior to accepting the plan concession.

But British officials were now contained new contract does not break 2 9pc rise year prochaine.Un spokesman for the British Government said: "the UK has been clear that any increase in 2 levels of budget 2010 9pc is unacceptable.?

Mr Lewandowski said it was now necessary settle an agreement no later than 31 December.

"Despite what some people say, the budget of the European Union is not a budget for amounts less than 6pc total budget, which means almost 95pc budget goes to stimulate economic growth European cities and regions, to scientists, farmers and students, to protect our environment, tackle climate change, to make our transport safer and in Europe to operate such a scene mondiale.Il 500 million Europeans I EU institutions functioning Bruxelles.Le am convinced that the agreement is at your fingertips," he said. "

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