The EU’s Financial Services “Action Plan” is a misnomer

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Series Details No.2, Spring 2006
Publication Date February 2006
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The EU’s effort to create a single market in financial services consists of over 40 measures and an ambitious plan to harmonise all national rules on banking, insurance and investment. But David Lascelles, co-director of the London-based Centre for the Study of
Financial Innovation, believes it resembles a Soviet-style Gosplan and cannot work in practice.
Source Link Link to Main Source http://www.europesworld.org/portals/0/PDF_version/EW2_FINAL.pdf
Related Links
Europe's World, No.3, Summer 2006 (Look in Letters to the editor for a response to the article) http://www.europesworld.org/PDFs/Issue3/EW3_Letters_to_the_Editor_FULL_VERSION.pdf
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