The measures they go on to suggest are:

• drastic reduction of financial exec and trader remuneration
  
• Tobin tax
  
• financial instruments to be accredited by a European testing agency
  
• ban on naked short selling
  
• mark to market valuation to be "reformed"
  
• accreditation, transparency, control of hedge funds to be "tackled" at European level
  
• tax havens to be closed, tax fraud and evasion prevented
  
• delay on new investors' voting rights (presumably anti-LBO)
  
• all financial institutions to contribute to a reserve fund guaranteeing deposits up to €100K
  
• restriction of off-balance-sheet accountancy
  
• establishment of an independent European ratings agency
  
• creation of a European financial markets watchdog with teeth
  
• EU-level coordination to diminish the effects of finance sector crisis on other sectors of the economy
  
• anti-cyclical budgetary measures
  
• "sufficient liquidity must be provided by the European Central Bank"