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eesc opinion on how to involve civil society in financial regulation February 27, 2012

Posted by Bradley in : Uncategorized , trackback

The EESC announces that it is going to get more involved in discussions about financial regulation:

One of the difficulties in adopting rules in this field has been, and still is, how to ensure that differing and contradictory positions are given a balanced hearing within a pluralistic and democratic opinion-forming process. There is currently no effective counterweight from civil society organisations to the legitimate representation of the financial sector’s interests, and this asymmetry should be rectified in the new financial legislation.

And it urges the EU institutions and the Member States to act “to achieve wider involvement of civil society in the regulation of financial markets”.

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