Financial services ‘not ready’ for EU red tape

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Series Details 31.5.02, p2 (UK edition)
Publication Date 31/05/2002
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The London Investment Banking Association warned on 31 May 2002 that Britain's financial services are poorly prepared for the 'tidal wave' of regulation coming from the European Commission, while civil servants and regulators are too stretched to provide the support needed. The Association called for the Treasury and Financial Services Authority to devote more staff to European issues.

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