EU Regulator Warns Against Easing Rules To Lure UK Banks

By William Shaw (February 8, 2017, 6:18 PM GMT) -- Europe's top securities regulator on Wednesday warned national watchdogs against a race to the bottom during Brexit as they compete to lure financial firms from London.

Steven Maijoor, chair of the European Securities and Markets Authority, ordered regulators to maintain rigorous standards for financial trading as Britain prepares to quit the European Union by 2019.

"The decision of the U.K. to leave the EU results in increased risks to consistent supervision," Maijoor told a seminar at the European Parliament in Brussels. "As U.K.-headquartered market participants are considering their options across the EU 27, it is essential that national regulators do not...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!