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Esma, EBA reject calls to dissolve stakeholder groups

By James Crisp ( February 10, 2012, 15:29 GMT | Insight) -- The European Securities and Markets Authority and the European Banking Authority have said they will not dissolve their consultory stakeholder groups, despite claims from consumer and employee organisations that the panels are unfairly dominated by big banks and industry figures. The European Ombudsman is investigating complaints the watchdogs ignored founding regulations that ensured geographical and gender balance and representation for workers, consumers and others.Brussels - The European Securities and Markets Authority and the European Banking Authority have said they will not dissolve their consultory stakeholder groups, despite claims from consumer and employee organisations that the panels are unfairly dominated by big banks and industry figures....

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