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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

I shall finish answering the original intervention before I give way to my hon. Friend. We still need to refine some pieces of the proposals before us today. I shall go on to discuss where we are disappointed and where the legislative proposals did not follow the agreement reached at the ECOFIN June negotiations; however, the negotiations are ongoing.

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