Legislative programs that are currently going through the Brussels and Strasbourg mill include MiFID II, Solvency II, the European Market Infrastructure Regulation (EMIR), programs for Packaged Retail Investment Products (PRIPs), UCITS, the insurance mediation directive, mortgages, bank fees, access to bank accounts, and account mobility. In every case [Commissioner] Barnier stressed that the Commission is determined to ensure that input is received from “all stakeholders and especially from consumer organisations.”
“It is obvious that civil society must have its say on these issues. This is essential if we want financial regulation and financial industry to serve society and the real economy.”
Expect the squeals of complaint from the Square Mile [the financial lobbyists of the London 'City', red] to intensify!