Barnier says UK ‘on board' with EU banking legislation

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The UK's financial sector need not worry about banking union having adverse effects on non-euro members, European Commissioner for Internal Market and Services Michel Barnier said today.

Speaking at the British Bankers' Association's (BBA) annual conference in London, Barnier said he understood concerns about the governing structure of a European banking union, but insisted that the European Union (EU) has "no interest in threatening London's place as the largest European financial centre".

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