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London's Canary Wharf: The commission is accused of taking advice from the very people who caused the problem in the first place (Photo: Malabarista Lunar)

Commission finance experts same bankers that caused crisis, says report

The vast majority of experts advising the European Commission on greater financial regulation are drawn from the same institutions that helped cause the crisis, claims a new report published on Thursday (5 November).

The document, A captive Commission - the role of the financial industry in shaping EU regulation, accuses the EU executive of listening almost exclusively to the finance industry both before and after the onset of the financial crisis over a year ago.

Its auth...

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London's Canary Wharf: The commission is accused of taking advice from the very people who caused the problem in the first place (Photo: Malabarista Lunar)

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