New EU bank watchdog executive says will resist bank lobbying
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LONDON (Reuters) - The European Union must resist lobbying pressure from banks to water down pending capital rules, the candidate for executive director of the bloc's banking watchdog told EU lawmakers on Wednesday.Gerry Cross sought to reassure lawmakers at a confirmation hearing in the European Parliament that as second in command at the European Banking Authority (EBA) he would not be unduly influenced by the industry.Lawmakers were angered that his predecessor Adam Farkas left to head the..