EU to make banks pay to centralise markets supervision - finance boss

Britain has long fended off attempts by Brussels to step up EU-level supervision of London, by far Europe's biggest financial centre, but it will have no say over EU policy after Brexit in 2019.

Huw Jones

The European Union wants to centralise market supervision and make banks pay for it, its financial services chief said, signalling how it will seek to regroup after Britain leaves the bloc.

A more integrated supervisory regime is needed to unify the EU's capital market, European Commission Vice President Valdis Dombrovskis said yesterday.