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UK Government: Government response to committee report - The EU Financial Supervisory Framework

( January 16, 2012, 17:39 GMT | Official Statement) -- MLex Summary: The UK government has written a letter to the House of Lords European Union Committee, in which it discusses the relationship of the Financial Services Authority to EU financial watchdogs. The letter outlines the government's opposition to the European Supervisory Authorities being given powers to ban certain financial products, unless the EU Council declares an emergency.Government response and House of Lords report is attached at bottom...

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