EU Official Calls on Firms to Provide Leadership

Groenfeldt, Tom
April 2008
Securities Industry News;4/21/2008, Vol. 20 Issue 16, p6
Trade Publication
The article discusses an analysis from the European Commission's (EC) deputy director general of internal markets David Wright. It cites that the growth of Europe's wholesale markets are twice as fast as the region's gross domestic product (GDP) and higher than the U.S. In line with this, investment bankers should take the lead in solving the volatile environment in the financial markets that they have created. Also noted is the European Union's (EU) appeal for financial firms to develop a single market and strengthen cross-border regulation.


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