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The UK is losing influence over 'necessary' EU financial sector reforms, according to a new parliament report. (Photo: ukhouseoflords)

UK lawmakers backs EU financial reforms, bemoan 'diminishing' influence

Most of the EU’s raft of post-crisis financial sector reforms were “necessary and proportionate” and would have been put in place via national law if the EU had not legislated, according to a new UK parliament report.

The ‘Post-crisis EU financial regulatory framework' report published on Monday (2 February) by the House of Lords EU committee gave broad backing for most of the EU’s financial sector reforms but bemoaned what it described as the UK’s “diminishing” role in shaping legislat...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

The UK is losing influence over 'necessary' EU financial sector reforms, according to a new parliament report. (Photo: ukhouseoflords)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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