Barnier draws UK lawmakers’ fire over new European supervisory structure
UK parliamentarians cross-examine European Commissioner for internal market regulation Michel Barnier on how much power new European supervisory authorities will have over national regulators
Lawmakers on an influential UK parliamentary committee on Monday voiced their scepticism over the new European supervisory structure, at a hearing in which Michel Barnier, the European Commissioner for internal market regulation, was grilled over how the new bodies would work.
Members of UK Parliament's Treasury Committee made their concerns over the remit of the European Securities and Markets Authority (Esma), European Banking Authority (EBA) and European Insurance and Occupational Pension
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