BRUSSELS -- British liberal lawmaker Sharon Bowles was elected Thursday to lead a key European Parliament committee that will shape financial regulation over the next five years.
The EU parliament is slated to discuss and potentially alter new rules on hedge funds, bankers' pay and capital requirements in coming months. It must back any new financial rules.
The economic and monetary affairs committee regularly quizzes EU and European Central Bank officials, including ECB President Jean-Claude Trichet.
Bowles, 56, is a former patent attorney and a member of Britain's third largest political party, the Liberal Democrats.
Source: forbes.com
Thursday, July 16, 2009
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