The European Commission is working on its largest regulatory push on banking sin...
LONDON - The European Commission is working on its largest regulatory push on banking since the financial crash that could curb Britain’s access to the bloc, according to an internal draft document seen by Reuters.
The document makes clear that there will be an acceleration of financial regulation, after many years when little has happened following the wave of rules after the financial crash. That would be a break with the current situation, where banks do not have to set aside capital to cover holdings of their own government’s debt.
“What’s the right balance between EU and non-EU financial services, in particular in the context of Brexit, in key sectors?”
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