View more on these topics

Tories believe Govt must have more say on EU

Conservative Shadow Treasury Financial Secretary Mark Hoban has criticised the Government for not doing enough to influence EU financial regulation on both the alternative investment fund managers directive and the appointment of the internal markets commissioner.

Speaking at a Cicero and Conservative Intelligence briefing this week on the Conservative plans for financial sector reform, Hoban said the Government must act earlier to make itself heard on European issues such as the appointment of France’s Michel Barnier as internal markets commissioner.

The Conservatives have made it clear that if they win the next election, they will establish a senior Treasury minister to focus solely on European matters. Hoban is widely tipped as a front-runner for such a role.

On the AIFM directive, Hoban said: ” We were absent from the field. The industry took the lead in critiquing the directive and coming forward with positive proposals. The Treasury rode in rather late in the day rather like the Seventh Cavalry. We have seen it again with Michel Barnier’s appointment as internal markets commissioner.”

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. We need to either take back our ability to rule ourselves or leave the EU. In my opinion the Lisbon Treaty is a disaster for all member states and will only end in tears or worse.

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