Barnier to break financial stonghlold?
Overview of the media coverage of ALTER-EU's call to Barnier to break the domination of financial lobbyists among the Commission's advisers on financial reform Radio France International Euractiv.de EU Observer Financial Times Deutschland Spiegel ORF Austria Euractiv.pl Zeit Online Die Presse europaforum.lu Focus BORSA FOREX TRADING FINANZA Europolitics Wissen.de Valori La Tribune Wiener Zeitung
CEO recently met with officials at DG Markt to discuss their use of expert advisors. Read our analysis of what DG Markt has done to change the balance of expert groups – and find out more about the problems that still remain.
ALTER-EU's new report, 'A captive Commission – the role of the financial industry in shaping EU regulation' which was launched last week, shows that most of the so-called 'expert groups' advising the EU Commission on financial market regulation are dominated by industry lobbyists. More than 80% of the non-governmental 'experts' in these advisory groups represent big banks and investment funds.
Brussels, 14 April 2010 – The European Commission's new initiatives to regulate financial markets are based on unbalanced advisory groups dominated by financial services lobbyists, new research published by Corporate Europe Observatory (CEO) today shows. This has delayed and undermined the quality of the Commission’s regulatory responses to the financial crisis.
Corporate Europe Observatory
Corporate Europe Observatory (CEO) is a research and campaign group working to expose and challenge the privileged access and influence enjoyed by corporations and their lobby groups in EU policy making.