Leaked EU doc shows pushback on cross-border trading ban

Member states propose loosening European Commission’s CRD draft to varying degrees

Council of the European Union - wikicommons.jpg
The Council of the European Union
Council of the European Union/Wikimedia Commons

Leaked documents of comments made by members of the Council of the European Union signal some national governments, including that of the largest member-state Germany, are in favour of loosening proposals from the European Commission (EC) that would otherwise ban inward cross-border trading on financial markets.

“At least they are clocking that clearly the status quo is not preserved through this proposal,” says Etay Katz, a partner at law firm Ashurst. “I think it’s likely to be modified to

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