12/14/2010

Michel Barnier, the EU's internal-market commissioner, told the UK's influential Treasury Select Committee that a strong, sustainable financial sector in Britain is desirable but that markets cross borders, making it necessary to regulate at the European and global levels. "My agenda is essentially the [Group of 20] agenda," Barnier said. "It is clear that we can and must do business together." He tried to allay UK concerns that Europe's regulatory policies will be overly intrusive and restrictive.

Related Summaries