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Links between the EU Commission and the financial sector go "far deeper than a mere reliance on the industry's expertise," says Corporate Europe Observatory (Photo: European Commission)

Revolving doors at the EU commission's finance unit

The European Commission's unit for banking and financial regulation has a "revolving door problem", with a high proportion of top officials joining companies they were overseeing, according to an NGO report.

"Out of the five former directors between 2008-2017 who have now quit the Commission, four went to work for companies they once oversaw or lobby firms that represent them," Corporate Europe Observatory (CEO), a transparency organisation, noted in

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Links between the EU Commission and the financial sector go "far deeper than a mere reliance on the industry's expertise," says Corporate Europe Observatory (Photo: European Commission)

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