EU braced for autumn showdown on financial regulation
September will be a hot month in Brussels for the financial services sector, as the EU prepares to nominate its new internal market commissioner and examine new proposed rules on hedge funds amid rivalries between the UK, France and Germany over financial regulation. The European Parliament is expected to nominate its chief rapporteurs for proposed new EU rules on hedge funds, private equity and capital requirements for financial institutions. The newly-elected EU assembly is also set to play a crucial role in reshaping the initial proposals made by the Commission on these issues.
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