David Prosser: European regulation not so scary after all
Thursday 24 February 2011
Outlook For those who do not share the europhobic tendencies often seen in the City, the development of the new European Securities and Markets Authorities is heartening.
London Stock Exchange boss Xavier Rolet is in good company in having publicly warned that Esma could be hijacked by French and Germans jealous of Britain's financial services sector. Treasury Select Committee MPs said the same thing to Michel Barnier, the EU's internal markets commissioner, in a hearing in December.
Their fears look increasingly unjustified. The Commission has already appointed a moderate Dutchman to chair Esma, plus Britain's Alexander Justham to its board. Now it has announced the appointment of Verena Ross as executive director. And while Ms Ross is a German national, she has spent years working for the Bank of England and the Financial Services Authority. George Osborne lobbied for her appointment. It's another one in the eye for europhobic conspiracy theorists.
- 1 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 2 Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
- 3 Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
Woman opens professional cuddling shop – gets 10,000 customers in first week
Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'
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