Consumer Panel protests lack of European presence

The FSA's Consumer Panel is protesting the establishment of a new consultative panel intended to sound off ideas on harmonisation of European financial services rules, because of the lack of consumer representation. The panel says the Committee of European Securities Regulators (CESR) Market Participation Consultative Panel, based in Brussels, will not properly reflect the views of consumers who will ultimately be directly affected by the EU drive to harmonise financial services rules. The CESR is responsible for giving advice to the European Commission, which in turn in taske...