UK:
UK Inquiry Launched Into EU Financial Regulatory Framework
04 August 2014
Shearman & Sterling LLP
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On July 16, 2014, the House of Lords EU Economic and Financial
Affairs Sub-Committee launched a call for evidence to inform its
enquiry into the EU financial regulatory framework. The purpose of
the inquiry is to assess progress made in reforming the financial
system since the 2008 financial crisis, assess the functioning and
effectiveness of the EU regulatory framework, consider any gaps,
overlaps or unintended consequences of the EU regulatory agenda,
assess the balance of powers between the EU and Member States,
including evaluating the impact of the Single Rulebook and access
of third countries to European markets and, in particular, the
implications for the UK such as gauging any inconsistencies in
regulation of the Eurozone and the wider European Union. Written
evidence should be provided by September 30, 2014. A report and
recommendations to the House of Lords is expected in January
2015.
The call for evidence is available at:
http://www.parliament.uk/business/committees/committees-a-z/lords-select/eu-economicand-financial-affairs-and-international-trade-sub-committee-a/inquiries/parliament-2010/eu-financial-regulatory-framework/.
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