Kamall: Court ruling hinders flexibility

22-Jan-2014 @ 12:0

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Anthea McIntyre Anthea McIntyre

Anthea McIntyre Anthea McIntyre

Syed Kamall, leader of Britain's Conservative MEPs and spokesman of economic and monetary said he regretted today's ruling by the European Court of Justice over the regulation of so-called short selling."

The London MEP said: "The ruling is a disappointing development but one which reflects the new reality in which financial regulation is written up and enforced in the EU.

"There is a place for coordinated supervision of the financial markets, but not so that a member state's ability to respond flexibly to market developments is curtailed."

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