Treasury director lands top EU regulatory role

Ellam will steer the work of the Brussels-based Financial Services Committee (FSC) ahead of meetings of the EU's 27 finance ministers while retaining his role at the Treasury in London, according to Bloomberg, which cites two unnamed UK government officials. Verena Ross, director of the FSA's international division, has already been appointed director of the European Securities and Markets Authority (ESMA). The appointments will give the U.K. a greater say in the shaping of EU financial regulation after losing out to France when Michel Barnier took over as EU Financial Services Commis...