Cross nomination as banking regulator makes MEPs cross
The European Banking Authority’s proposed next executive director, Gerry Cross, was rejected by a committee of EU politicians on Thursday amid discontent over a perceived revolving door between the regulator and lobbyists.
Cross lost a ballot by 27 votes to 24 in the European Parliament’s Economic and Monetary Affairs Committee (ECON).
Cross is a director of financial regulation at the Central Bank of Ireland and also a member of the EBA’s board of supervisors.He previously worked at the Institute ...
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