How can European banks be better regulated?
The Lords Committee investigating the EU regulatory framework will hear from senior UK lawyer Simon Gleeson, and international economist Professor Nicolas Véron, when they meet on Tuesday 9 September.
The House of Lords EU Sub Committee on Economic and Financial Affairs will ask for a broad assessment of the EU regulatory framework, whether it falls short in any areas, and how the UK is affected by the framework compared to eurozone neighbours.
Simon Gleeson is a specialist in financial markets law, and regulation, at law firm Clifford Chance. Professor Nicolas Véron is an economist at the Brussels think-tank Bruegel, and is currently visiting Fellow at the Peterson Institute for International Economics in Washington.
Questions that the Committee will put to the two witnesses include:
- How effective are the reforms to the financial regulatory framework introduced since the 2007 outbreak of the financial crisis?
- Which are the biggest strengths and weaknesses in the regulatory framework?
- How effective has the EU's attempt to harmonise rules in the form of the Single Rulebook been? Have the needs of consumers of financial services and products been met satisfactorily?
- What is the best balance between the powers of Member States and the EU when it comes to regulation and supervision?
- Are there any inconsistencies between regulation of the eurozone and of the wider European Union?
- What will the challenges be for those Member States not in the eurozone, such as the UK? Has the UK done enough to defend its strategic interests?
The Committee evidence session will take place at 11.05 in Committee Room 3A in the House of Lords, on Tuesday 9 September.
The session will be webcast at www.parliamentlive.tv and is also open to the public. Journalists wishing to attend should go to Parliament's Cromwell Green Entrance and should allow time for security screening.
