Broken brokers

Broken brokers

The fallout from the 2008 financial crisis led to a political sea change in opinion about the extent to which government should police the financial services sector. In 2011 EU internal market commissioner Michel Barnier set out his aim to establish a "single rule book" for financial services to try to prevent the excessively risky practices of the past happening again, while also reducing the decision-making powers of national regulators that had failed to stop some of these practices.

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