Differing regulation across the European Union member states has meant a single competitive cross-border market has been hard to attain. Can MiFID and IORP create the much-needed harmonisation?
Although the mission of the European Union government is to create a single competitive cross-border environment, the sea of regulation surrounding this is causing problems for the financial services industry. There are few EU financial services companies with more than a foothold outside their traditional geographies. Mortgages, loans and pensions are solely the preserve of local providers. So, what prevents world class banks and insurers operating across Europe, providing identical services from Poland to Portugal? This would surely bring down prices and increase choices for everyone. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
