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New European banking watchdog to be based in London
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=9450		 Page 1 of 1
Author:  Amnesia10 [ Tue Jul 13, 2010 4:57 pm ]
Post subject:  New European banking watchdog to be based in London
http://news.bbc.co.uk/1/hi/business/10619541.stm

Quote:
A new pan-European banking watchdog will have its home in London, Chancellor George Osborne has said.

The deal was reached with European finance ministers meeting in Brussels.

The location of two other new authorities - to regulate insurance and financial markets - is unclear, though they are unlikely to be in London.

Considering that London is also the top insurance market that should be here as well.
Author:  Nick [ Tue Jul 13, 2010 7:45 pm ]
Post subject:  Re: New European banking watchdog to be based in London
Good.

It seems a bit strange that they would have three different agencies, in three different companies - surely they will want to be working together very closely.

I'd have imagined they'd make three sections of the same agency?????
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