and North Warwickshire Euro MP Christine Oddy will be playing a key role in a round table
discussion next week on the future of financial services such as banking and insurance
which are becoming increasingly international.
The meeting in Brussels on Wednesday (2 December) will be discussing how the industries
should be regulated as they become more international in their approach and British
companies seek more business in mainland Europe.
Ms Oddy will be there in her role as vice-chair of the European Parliament's Intergroup
on Financial Services, an all-party, multi-national group of MEPs who have an interest in
Among the questions the group will be considering is how European laws can be made more
effective in allowing financial services to be sold across national borders and the
protection which should be given to customers.
Ms Oddy said:
"Financial markets have been opening up for a number of years which means that
British banks and insurance companies will have a great opportunity to increase the amount
of business they do in other European countries. We must now ensure we have the sort of
regulations which encourage the growth of international business while protecting the
consumer against the small number of companies which are unscrupulous or dishonest."