European Financial Regulation: Three New Agencies

The FT reports the outcome of today’s ECOFIN meeting:   Paris gets securities markets; London banking; and Frankfurt insurance.

3 replies on “European Financial Regulation: Three New Agencies”

Brilliant. A financial crisis that began with banks behaving like securities issuers and insurance companies (or vice versa, vice versa etc) will be tackled by split oversight of each sector, and geographically separate too.

Government by vested interest! Lots of regulatory capture possible too! No competition between regulators. New age of course, requires understanding that false accounting is in. SPVs rule!

Comments are closed.