Time to Debate the Future of Our Financial Services Is Now [Edition 2]

Summary


POLITICIANS invariably behave even more oddly than usual when there is an election looming, and it is useful to bear this simple thought in mind when looking at the raft of proposals emerging from all corners of the European continent for regulation of the financialservices industry.

Even the daftest ideas are getting an airing. So it is important not to overreact to everything that comes out, but to strip away the rhetoric and focus on the substance.

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Extract


Time to Debate the Future of Our Financial Services Is Now [Edition 2]

That said, some of the substance can be quite alarming on its own -- witness the pitch made in Nimes yesterday by President Sarkozy of France for a much more robust approach across the board to the financial sector. L...

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