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European Financial Services Proposals

Part of Oral Answers to Questions — Foreign and Commonwealth Office – in the House of Commons at 5:32 pm on 1st December 2009.

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Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury) 5:32 pm, 1st December 2009

This is exactly why we have said in our paper on financial regulation that we want to have more engagement-so we can lead that debate in Europe. The problem at present is that the Treasury is absent from leading the debate, which is why we have ill-thought- through proposals such as the one to which the hon. Gentleman referred: the alternative investment fund directive.

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