Summer over, EU votes on ISD - Basel II draws more comment

The EU will attempt yet another vote on the Investment Services Directive at 5.30PM today, which will have a crucial determining effect on the future of financial services in the UK because of amendments on suitability requirements and other issues. This will be the third time since the spring that the European Parliament's Economic and Monetary Affairs Committee has met to try to forge a consensus on the amendments. Such consensus is necessary before the amended Directive can be put to a full vote before a Plenary Session of the European Parliament, in order for the Directive...