FSA chief warns Europe on bank takeovers

UK - Sir Howard Davies yesterday called on fellow European regulators to allow foreign takeovers of banks, warning that nationalistic limits on bank ownership were a block to a single financial market.

Sir Howard, chairman of the Financial Services Authority, the City watchdog, also repeated his view that Brussels should not create an overbearing single regulator for Europe.

He did not name the countries limiting ownership. But analysts said the Bank of Italy took the strongest national line in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.