Draft European commission proposals on financial regulation, due to be published on 27 May, suggest the EU executive has opted to follow closely the suggestions produced by a high-level advisory group in February.
By doing so, the commission is likely to anger at least one EU member state – Britain - which had called for various suggestions in the report produced by former Bank of France governor, Jacques de Larosiere, to be left out.
The Larosiere report forms the central plank...
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