View more on these topics

EU consults on how to improve financial regulation

EU Flags European Union 480

The European Parliament has launched a consultation asking firms and individuals across the continent how it can improve EU financial services rules and make them more coherent.

The public consultation, launched this week by the economic and monetary affairs committee, includes a questionnaire that asks firms whether they are given enough consideration by politicians creating new rules.

It also asks whether there is overlap between EU and national rules, whether regulation is coherent and what should be the top priority over the next few years.

It states: “Given the transition to a single rule book in financial services across the EU and the EU legislator’s willingness to have ‘all financial markets, products and actors covered by regulation’ it is increasingly important to ensure that legislation fits together seamlessly.

“The consultation will feed into a programme of reflection to determine future priorities for the remainder of this mandate and to inform the priorities for the incoming Parliament in 2014.”

All responses must be submitted by 14 June.

Earlier this week, the EU approved CRD IV which implements Basel II capital requirements and a controversial cap on banker’s bonus. It also agreed the final rules on a banking union that will create a single supervisory mechanism for all 6,000 eurozone banks.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. RegulatorSaurusRex 24th March 2013 at 1:55 pm

    Am I extinct?

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com