Bank rules would be stricter if UK left EU, says Bowles

Former MEP says UK would have "blindly copied" text of Basel III

Sharon Bowles MEP
Sharon Bowles, former MEP

Sharon Bowles, former chair of the European Parliament's economic and monetary affairs committee (Econ), has fired a parting shot at critics who argue UK banks and other financial firms have been hamstrung by EU regulation, claiming instead that post-crisis reforms would have been tougher if the UK had been left to its own devices. Giving evidence today before a subcommittee of the UK House of Lords, which has just launched an inquiry into EU financial regulation, Bowles was asked whether she