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EU consults on how to improve financial regulation

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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.


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

    Am I extinct?

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