Tuesday, 21 August 2012

EC 'bureaucratic oligarchy supervising the financial services industry'

Letter Michel Barnier 2 Aug 2012.pdf Download this file

'Unanimously our members have confirmed their full support to Mr. Markus Ferber, MEP
report and the proposed amendment of the EC proposal for a full ban on commission and 
inducement.
We strongly  feel that the European Parliament is right  in opposing  a  highly anti-democratic 
planned measure.
FECIF has repeatedly  complained  about the fact  that no one single representative of the 
financial intermediaries  has been  appointed to the so-called stakeholders’ groups of the 
three super agencies created by the EC.
We are of the opinion that the bureaucratic oligarchy  supervising  the financial services 
industry has succeeded to prevent a  true  dialogue between the actors  which is viewed by 
our members as another mockery of democracy.
It sometimes seems that the main purpose of new financial services regulations is to make 
the life of the  SME  intermediary  ever more complicated, while at the same time diverting
profitable business from Europe to other places outside Europe....'

News Brought to you By:

investorseurope

745a Europort

Gibraltar GX11 1AA

T +350 200 40303

F +350 200 51795

Forex Brokers: http://boulle.co/forex_ie    http://boulle.co/DEMOFOREX  

Stock Brokers: http://boulle.co/client_ie     http://boulle.co/demoplatform  

FuturesBroker: http://boulle.co/futures_ie  http://boulle.co/futures_Demo  

Investors Europe, a stock, futures & forex broker regulated by the FSC. Read our disclaimers on spot forex, on the diffusion of third party products, news, services and U.S. Persons

★★★Social Infrastructure Planning and Digital Marketing Services by SEOextraordinaire★★★

Posted via email from Gibraltar

No comments: