Brussels will drain London banking sector: top bankers
Sweeping legislation on capital ratios and bankers' remuneration recently approved by lawmakers in Brussels on Tuesday came under fire from top bankers in London, who reiterated industry calls for global coordination on the front.
Despite its complex governing structure comprising the Commission, Council and Parliament, Europe had the ability to interfere in the banking sector, and risked creating more bureaucracy, Stephen Green, the group chairman of HSBC, a bank, told an annual conference
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