The League formulates the reform of Britain's backward banking industry

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      An internal draft document seen by Reuters shows that the European Commission is preparing for the largest financial regulatory action since the 2008 financial crisis, which may limit UK market access.

In this 12-page strategy paper, EU officials outlined the European Commission's temporary financial services program. The European Commission has a legislative process and will elect a new manager this year for a five-year term. Officials are brainstorming and may form a more formal policy later this year.

The European Commission did not comment on Wednesday.

This document clearly stated that it will accelerate the promotion of financial supervision.

The document shows that bank capital rules will be assessed by June 2022, extending the additional capital buffer requirements of the world's largest banks such as Deutsche Bank (DBKGn.DE) to other financial institutions such as the Clearing House.

The document also recommends the establishment of a centralized anti-money laundering regulator and adjustments to EU regulations to prevent such crimes.

The document also recommends the development of regulations to prevent cybercrime.


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