On Tuesday 11 September, the members of the European Parliament adopted, by a considerable majority (564 votes to 71 and 49 abstentions), the draft own-initiative report by Brian Hayes (EPP, Ireland) on relations between the European Union and third countries on regulating and supervising financial services.
This is a particularly hot topic, as the equivalence decision – which determines that the financial legislation of a third country is equivalent to that of the EU – is likely to be...