2010 is shaping up to be a year where the European Union will implement previously planned measures to tighten the screws of financial regulation. The question is whether those efforts will line up with reform plans hatched by the G-20 or be diluted under pressure from lobbyists—and so far, the answer is “who knows?”
McCreevy
One major factor is the appointment of Michel Barnier to serve for the next five years in the key EU position as the new commissioner covering financial services. The French national is replacing Irishman Charlie McCreevy who, during the pre-crisis period, was noted ...