Comment of the day – ‘Britain not Brussels must regulate the banks’ says the Daily Mail

The full extent of Britain’s catastrophic diplomatic defeat over the division of jobs in the EU became all too clear yesterday. 

A trio of new regulators, guided by a Frenchman eager to undermine the City of London, took aim at Anglo-Saxon capitalism in general and Britain’s financial services industry in particular. 

In one day, Brussels created a Banking Authority, an Insurance and Occupational Pensions Authority and a Securities and Markets Authority. Read in full in the Daily Mail.

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