Risk.net

European financial integration in peril, says BarCap's del Missier

“We’re at risk of rolling back twenty years of progress,” said del Missier, using his keynote address to highlight his fears. “I’m a bit worried about what I see in Europe,” he said. “We’re moving away from a pan-European way of doing things to an environment where national interests are filtering through. We’re no closer to having a single European financial system than we were five years ago.”Using the example of the introduction of International Accounting Standards in January this year,