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Commission approves new Bank of America function for EU’s Musk nemesis Breton

Commission approves new Bank of America function for EU’s Musk nemesis Breton


“In his notification, Mr. Breton underlined his willpower to chorus from any lobbying actions of any type, particularly, however not solely, on issues for which he had been accountable inside his portfolio, to chorus from disclosing any info of the type lined by the duty {of professional} secrecy and to respect the responsibility of integrity and discretion specifically overlaying the duties of collegiality,” the Commission wrote in its choice.

“Mr. Breton additionally underlined that, throughout his mandate as a member of the Commission, he had had no contact by any means with Bank of America,” it added.

The Commission has come beneath frequent criticism for its so-called revolving door of officers leaving public service to work in sectors they beforehand regulated.

Former Commission President José Manuel Barroso turned chairman of Goldman Sachs lower than two years after leaving workplace, whereas former tech chief Neelie Kroes was investigated for lobbying for Uber each earlier than and after her cooling-off interval.

In 2018 the Commission elevated the size of the cooling-off interval from 18 months to 2 years.

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Written by EGN NEWS DESK

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