Basel Committee's preliminary "Regulatory Consistency Assessment": statement by Commissioner Barnier

Michel Barnier

"In 12 out of 14 areas of the preliminary 'Regulatory Consistency Assessment' concerning the EU published by the Basel Committee today, the draft European legislation has been fairly assessed to be 'compliant' or 'largely compliant'. I have, however, reservations about the preliminary findings in the remaining two areas…". Statement by Commissioner Barnier.