Financial Services discussed with the UK’s Permanent Representation
The CBI raised serious concerns with the review of the Capital Requirements Directive and the review of the Markets in Financial Instruments Directive.
The CBI’s Brussels office director, Sean McGuire, has met Anthony Manchester, the Counsellor for Economics and Finance, from the UK’s Permanent Representation to the EU to discuss a number of key financial services issues, including the review of the Capital Requirements Directive (CRDIV) and the review of the Markets in Financial Instruments Directive (MiFID II) last week.
Mr McGuire raised serious concerns over the effect of the CRDIV proposals on the availability of low-risk, short term trade finance. The CBI will continue to highlight these issues to policy-makers, especially considering the need for an export-led recovery to the European economy.
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