McCreevy resigns from board of British bank

FORMER EU Commissioner Charlie McCreevy has resigned from the board of a fledgling British bank after being told it would conflict with his old role in Brussels.

This is the first time the Commission’s ethics committee has forced an ex-Commissioner to withdraw from such a role and it follows pressure over the past few weeks from MEPs and transparency groups.

Commissioners are asked not to take up any post for 12 months that could conflict with their previous job. It was unclear last night whether the ex-finance minister would take up the London position in February, a year after leaving the job where he began introducing EU-wide banking regulation.