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EU Lawmakers Bolster Regulators Ahead Of Brexit

Law360, London (January 10, 2019, 8:45 PM GMT) -- European lawmakers on Thursday backed plans to strengthen the bloc’s top three financial regulators, with a senior politician saying the move would help prevent the United Kingdom from conducting “dodgy business” in the European Union after Brexit.

Thirty-seven members of the parliament’s committee on economic and monetary affairs voted in favor of the draft reforms, with two against and three abstentions, a parliamentary spokesman told Law360. The sweeping draft law is aimed at beefing up the European Banking Authority, the European Securities and Markets Authority, and the European Insurance and Occupational Pensions Authority.

"This is necessary to make sure that the...

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