Leaked EU doc shows pushback on cross-border trading ban
Member states propose loosening European Commission’s CRD draft to varying degrees
Leaked documents of comments made by members of the Council of the European Union signal some national governments, including that of the largest member-state Germany, are in favour of loosening proposals from the European Commission (EC) that would otherwise ban inward cross-border trading on financial markets.
“At least they are clocking that clearly the status quo is not preserved through this proposal,” says Etay Katz, a partner at law firm Ashurst. “I think it’s likely to be modified to
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