On Wednesday 11 July, the committee on economic and monetary affairs of the European Parliament adopted by a large majority (46 votes to four, with two abstentions) the draft own-initiative report by Brian Hayes (EPP, Ireland) on relations between the EU and third countries concerning the rules and supervision of financial services (see EUROPE 12008).
The text calls upon the Commission to adopt a “structured, horizontal and practical framework” for the consistent application of...