UK wins EU bank concession

The UK has secured a promise from its European Union partners that EU supervisors will not be given the power to force national governments into recapitalising banks with taxpayers’ money.

EurActiv, 11.9.06: UK financial clout fades as EU pushes tighter regulation http://www.euractiv.com/en/financial-services/uk-financial-clout-fades-eu-pushes-tighter-regulation/article-183083

ESO: Background information: Impasse over powers for EU bank supervisors http://www.europeansources.info/record/impasse-over-powers-for-eu-bank-supervisors/

ESO: Background information: Brussels’ plans for financial reform need work http://www.europeansources.info/record/brussels-plans-for-financial-reform-need-work/

BBC News, 10.6.09: EU argues over banking watchdogs http://news.bbc.co.uk/1/hi/world/europe/8092855.stm

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