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

European Parliament helped protect industry from tough trade finance capital requirements as well as blanket CVA charge, former MEP tells House of Lords inquiry

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