UK Legal expert and French economist questioned on financial regulatory framework

• Inquiry: Review of the EU financial regulatory framework
• EU Sub-Committee A - Economic and Financial Affairs

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.

Witnesses

At 11.05am, Tuesday 9 September 2014, Committee Room 3A, Palace of Westminster:

• Simon Gleeson, specialist in financial markets law, and regulation, at law firm Clifford Chance
• Professor Nicolas Véron, economist at the Brussels think-tank Bruegel, and currently visiting Fellow at the Peterson Institute for International Economics in Washington

Likely questions

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?

Further information

• About Committees: Select Committees
• Visiting Parliament: Watch Select Committees