You Will Be Assimilated
“We are clear the fundamental process of supervision has to occur where expertise is, with the national authorities,” he said. It was “vitally important” Brussels did not intervene directly in running our markets, he warned.
If the EU had its tanks on our lawns, such brave words would be an effective shell burst to drive them off. Except the tanks have already rolled over our lawns and are now camped outside the FSA’s HQ in Canary Wharf, with a division trundling along Commercial Street towards the Bank of England, which will take up regulatory duties in a couple of years.