Baron Hill of Oareford, Britain's EU Commissioner, will take charge of EU financial services regulation David Cameron secured a rare victory in Europe today after Britain’s Brussels commissioner was given a top finance job. The Prime Minster had been bracing himself for a fresh snub, amid suggestions that former House of Lords leader Christopher Hill would be handed a junior role in the European Commission. But the European Commission President Jean Claude Juncker this morning announced that Lord Hill would be given a new ‘Financial Services’ portfolio – giving him key powers to protect the City of London from Brussels regulations.
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Lord Hill handed crucial 'Financial Services' portfolio in EU Commission
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Former leader of the  Lords will be in charge of financial services regulation
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Announcement made by Commission President Jean Claude Juncker today
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He said: 'You are becoming a Member of the new @placeholder at a particularly challenging time for the European Union.
Lord Hill
‘We have made the case for an economic portfolio for @placeholder and I think that is what we have seen in today's announcement.