Letters
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UK Independence Party St Ives & The Isles of Scilly Branch
TO:
The Rt. Honourable David Cameron MP Prime Minister 10 Downing Street London SW1A OAA 17th July 2010
Dear Mr. Cameron,
Reuters reports that EU institutions are trying to strike a deal on the new architecture for financial supervision before the summer break. Another trilogue - talks held between the EU, the EU Parliament and the various countries in Europe – apparently are taking place, ahead of the meeting of Economy and Finance Ministers in Brussels. According to Bloomberg, these talks are negotiations likely to focus on what powers the European Banking Authority (EBA) should have over national authorities with regard to the supervision of cross-border banks. The article notes that some countries - including the UK - disagree with the EP's proposals to give EBA powers to supervise banks directly and oversee a fund to help failing banks. EU control over our banking systems is another part of our sovereignty given away to Brussels. As you have publicly stated that no more will be given away, what are your intentions as regards maintaining our own control over our finances ?
I look forward to hearing from you. Yours sincerely,
Stuart Guppy Chairman
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