Tuesday, September 7, 2010

EU Flexes Its Muscles

'Mission creep' fears surround EU watchdogs - Telegraph
The term 'mission creep' is more commonly linked to military action, but in recent days it has also become an appropriate expression for the fears surrounding the European Union's creation last week of three super-regulators for the finance industry."

No Bank Will Escape from Regulation: EU Officials - CNBC
"No one" will escape sensible and intelligent regulation and supervision in the financial sector, Michel Barnier, the European Union Commissioner for financial services has warned in an interview.

BBC News - Anglo Irish Bank woe set to be EU problem
"...the European Union (EU) rules on state aid mean the European Commission has the final say on what happens to this failed bank."

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