Does the EU veto really help UK banks?

Author: | Published: 13 Dec 2011

The UK’s veto on moves towards closer European fiscal union has been labeled as a tactic that both protects the country’s banking sector and placates eurosceptic Conservative backbenchers.

While tory MPs are celebrating, does the move really protect the banking sector? And will in-house lawyers be any better off?

Probably not. "We had a call on Mifid II (Markets in Financial Instruments Directive II) yesterday, and we’re...