Regulation hinders EU's finance industry
LONDON - More research condemning EU regulation has been published by the City of London Corporation. The latest report, prepared by consultancy firm London Economic, indicates tighter EU regulation could greatly reduce growth in the financial services industry and push business overseas.
This is the third edition of the annual report, The importance of EU wholesale financial services to the EU economy. The study predicts the credit crunch will cause 75,000 job losses across Europe, mostly in
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