The European Parliament has given the green light for the UK's Lord Jonathan Hill to become European Union (EU) financial services commissioner, despite facing tough questioning from sceptical MEPs.
His appointment was approved this week by the majority of the vetting committee. He was given the go-ahead by 45 committee members while 13 voted against him taking charge of the financial stability, financial services and capital markets portfolio. The decision by incoming commission president Jean-Claude Juncker to carve out financial services from its current remit under the Directorate-General for Internal Markets and Services is expected to be hugely significant for reform of Europe's financial markets. The news will come as a relief to UK politicians and financial services fi...
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