Reading the road to regulation.
Changes to European Union directives reveal, at least in part, the route the Financial Services Authority is likely to take when it comes into force in 2004.
The European regulatory juggernaut is up and running again. TheEuropean Commission has realised the much vaunted single market, which was
meant to be with us at the end of 1992, is far from being a reality and
suddenly seems to be in a hurry to complete the job.
This is the European Union all over - it works in fits and starts. Much of
this has to do with the rotating presidency, which sees a different
country in the driving seat every six months. This means things can
suddenly take a different
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