Christian Lindner and Magnus Brunner, the German and Austrian Finance Ministers, have told Mairead McGuinness, the European Commissioner for Financial Services, that they oppose a ban on commissions for brokers (see EUROPE B13106A21). In two separate letters, dated respectively Saturday 28 December and Tuesday 31 January and which EUROPE was able to obtain, the two Ministers aligned themselves with the position of the insurance and finance professionals (see EUROPE B13099A12).
According...