Bank rules would be stricter if UK left EU, says Bowles
European Parliament helped protect industry from tough trade finance capital requirements as well as blanket CVA charge, former MEP tells House of Lords inquiry
Sharon Bowles, former chair of the European Parliament's economic and monetary affairs committee (Econ), has fired a parting shot at critics who argue UK banks and other financial firms have been hamstrung by EU regulation, claiming instead that post-crisis reforms would have been tougher if the UK had been left to its own devices.
Giving evidence today before a subcommittee of the UK House of Lords, which has just launched an inquiry into EU financial regulation, Bowles was asked whether she
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