Wednesday, January 30, 2013

EU Regulatory Challenges Highlighted

The WSJ reports in an article "In EU a Test of Wills" the realization by EU officials that the challenges related to increased banking regulation could constrain growth in the EU and delay or short circuit an economic recovery.

At odds are the restrictions which are being applied by regulators to banks and which effectively eradicate the benefits of a single market for financial services, unimpeded by national boundaries. This includes the prevention of moving funds across national borders, together with several other restrictions.

At least officials are aware of the hazards that could impact a recovery, but whether EU officials have the political muscle and will, to prevent regulatory obstacles taking their course, remain questionable.

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