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European Financial Services Proposals

Part of Oral Answers to Questions — Foreign and Commonwealth Office – in the House of Commons at 4:22 pm on 1st December 2009.

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Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury 4:22 pm, 1st December 2009

The hon. Gentleman will not be surprised to learn that I disagree with him on this and that I think it is important that we have a European harmonisation of regulation. That was agreed at not only the European level, but the global level. I think we would all agree that we are looking for a harmonisation of regulation at a global level, and the EU process can move forward on that.

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