英语听力精选进阶版 14012（在线收听）

Europe agrees to new financial regulator

Vocabulary

watchdogs

organisations that monitor the behaviour of companies to check that they are not acting illegally

complement

enhance or improve

regulatory bodies

official organisations that enforce the rules (in this case for financial matters)

controversial

something that causes disagreement

credit rating agencies

companies that calculate someone's ability to repay debt

proposals

suggested plans

risky

questionable or unsound

co-ordinated action

when something is decided between two or more parties and carried out together

undermine

weaken

threaten

put in danger