British MPs warn EU not to rush financial reform

The EU is pushing ahead too fast with plans to reform its financial architecture, warns a report by the UK's treasury select committee published on Monday (16 November).

The Swedish EU presidency hopes finance ministers meeting on 2 December will back amended European Commission proposals that were published in September, with the European Parliament's approval also needed.

The proposals – part of the EU's response to the financial crisis – envisage a new European Systemic Risk B...