Proceeding contribution from Sarah McCarthy-Fry (Labour) in the House of Commons on Tuesday, 1 December 2009. It occurred during Debate on European Financial Services Proposals.
European Financial Services Proposals
I do not want to pre-empt or second-guess the ECOFIN negotiations that begin tomorrow. Our line is that the authorities will have no direct powers over firms in emergencies and that there will be no direct EU supervision of Community-wide entities. The authorities will certainly not be able to conduct day-to-day supervision of individual firms. That is the line with which the Chancellor will go to ECOFIN tomorrow.
Secondary information
- Type
- Proceeding contribution
- Reference
- 501 c992
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks European Union Financial institutions European Parliament Financial markets EU action EU economic policy Regulation European Central Bank European Systemic Risk Board European Securities and Markets Authority European Banking Authority
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-08 16:41:53 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_598055
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