“We are aware there is an implementation issue” with the European financial sanctions regime at Member State level, said John Berrigan, the European Commission’s Director-General for Financial Services, at a public hearing of the European Parliament’s Committee on Economic and Monetary Affairs, on Thursday 25 September.
Questioned by Eero Heinäluoma (S&D, Finnish), Mr Berrigan said it was necessary to “build [administrative] capacity” in the Member States so that the national...