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Verena Ross to head European Securities and Markets Authority

Baroness Jo Valentine, Chief Executive of London First has expressed frustration with the lack of London market experience amongst the leadership of the new supervisory bodies. She welcomed the appointment of Verena Ross, saying:

“That’s more like it – we need high calibre people with experience of Europe’s leading financial services market close to the top of European regulatory bodies if we are to avoid exporting business and jobs away from Europe through clumsy or badly designed regulation. The next challenge is to ensure that some real practitioner experience finds its way into the new regulators’ workforce.”

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