Bowles insisted that "nobody in any financial service can be automatically trusted"
European Parliament Member Sharon Bowles has called on the
industry to engage with regulators as rules in Europe edge
towards implementation, writes Jonathan
Bowles, who also chairs the Committee of Economic and
Monetary Affairs, has been at the heart of the European
Union’s response to the financial crisis and
spearheaded sweeping reforms in the market.
The new rules aimed at bringing transparency to the
derivatives markets and safeguarding the financial industry
from another crash are still being hashed out by the European
Parliament, Commission and Council.
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