The last three months have seen a relative slow-down in the rate of production of entirely new financial regulatory reform materials. Legislatures, regulators and industry are taking time to debate and revise the numerous significant measures which are already in train. Nevertheless, the ongoing legislative timetable for European financial regulatory reform remains ambitious. Key elements of many of the proposed new regulations are still unclear despite the stated aims of the regulators generally to adhere to pre-announced implementation dates.
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