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Wednesday, 12 December 2012

European Central Bank (ECB)A number of Faculty Members are involved with major Government policy initiatives:

The House of Lords EU Committee (EU Sub-committee on Economic and Financial Affairs has published its report European Banking Union: Key issues and challenges (12 December 2012). In this report the Committee warns that banking union poses a significant threat to the single market, and stresses that the European Central Bank (ECB) must be held accountable to national parliaments for its new powers. Voting rules in the ECB and the European Banking Authority must ensure that the rights of non-eurozone countries are protected.

Eilís Ferran was the specialist adviser to the Committee for this investigation and report. For a copy of the report see:

Elsewhere on the Committee corridors, the House of Lords Justice, Institutions and Consumer Protection EU Sub-Committee opened its inquiry into combating fraud and irregularities against the EU's finances by hearing from John Spencer on Wednesday 31 October.

Professor Spencer will be back in Parliament in the new year, accompanied by Alicia Hinarejos and Steve Peers (University of Essex), to give evidence for the House of Lords EU Committee's inquiry into the use of the UK opt-out from EU police and criminal justice measures and its potential implications for the United Kingdom. The inquiry will be conducted jointly by the Justice, Institutions and Consumer Protection EU Sub-Committee and the Home Affairs, Health and Education EU Sub-Committee. For details of the inquiry see: