Financial regulation

Economy & Jobs 26-06-2017

Italy coughs up €17bn to deal with two troubled banks

Italy will pay up to €17 billion to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced Sunday (25 June).

Economy & Jobs 21-06-2017

Commission moves to tighten tax evasion rules

The European Commission took a further step in fighting cross-border tax evasion on Wednesday (21 June) by proposing tougher new rules for financial intermediaries who design and promote tax planning schemes for their clients.

Banking union 13-06-2017

EU seeks post-Brexit powers over London euro clearing

The EU unveiled plans Tuesday (13 June) to give itself powers to force a huge slice of London's banking business out of the UK after Brexit in a blow to the city's supremacy as a global financial hub.

Economy & Jobs 09-06-2017

Commission must double efforts towards a sustainable financial system

Robust and binding criteria are needed to build sustainable capital markets or we risk that both national legislators and financial investors simply ignore their investment’s impact, or revert to greenwashing, writes Anne van Schaik.

Economy & Jobs 09-06-2017

Multinationals should say what they pay

From an investor’s perspective, planned transparency is far preferable to surprise leaks or investigations into corporate tax avoidance strategies which lead to reputational risk and government crackdown, writes Morris Pearl.

Banking union 07-06-2017

EU banking resolution rules pass credibility test with Banco Popular

The new Single Resolution Board intervened for the first time early this morning (7 June) to save Banco Popular, a troubled Spanish bank whose deposits were protected without using taxpayers’ money after Banco Santander decided to acquire its assets.

Green finance reaches EU policy ‘tipping point’

The mid-term review of the EU’s Capital Markets Union initiative, due on Wednesday (7 June), will mark another step towards the mainstreaming of green finance in Europe, a senior EU official told EURACTIV.

Politics 02-06-2017

ECB rejects appeal against hiring of president’s adviser

The European Central Bank has rejected a staff appeal against the handpicking of President Mario Draghi's policy adviser, batting back the most high-profile challenge to date to hiring practices at the Frankfurt-based institution.

Economy & Jobs 31-05-2017

EU reaches deal to revitalise securitisation market

MEPs reached an agreement with national governments and the European Commission on Tuesday (30 May) to revive the continent’s securitisation market, paving the way towards the creation of a Capital Markets Union

Politics 31-05-2017

MEPs grill Juncker over LuxLeaks: ‘You turned from Saul to Paul’

European Commission chief Jean-Claude Juncker admitted on Tuesday (30 May) that he overlooked certain effects of Luxembourg's tax policy during his tenure as prime minister of the tiny member state.

Economy & Jobs 04-05-2017

EU declares Brexit battle over euro clearing

The EU fired a fresh salvo at the UK on Thursday (4 May), proposing fresh rules that would require a huge slice of London's banking business to leave the UK after Brexit.

Economy & Jobs 04-05-2017

Commission eases rules for controversial derivatives sector

The European Commission today (4 April) presented various initiatives intended to temper regulation and cash requirements firms need to satisfy in order to trade sophisticated financial products, aimed at boosting the European economy.

Economy & Jobs 26-04-2017

MEPs side with innovators on FinTech

Supporting innovation should be the driving force behind the EU response to the emerging field of financial technology, European lawmakers said in a draft resolution adopted yesterday (25 April).

Brexit 25-04-2017

EU warns Britain: Don’t assume free trade deal for the City

European Union leaders will warn Britain it cannot assume its big financial services industry will be included in any free trade deal after Brexit, diplomats said on Monday (24 April) after fixing negotiating terms in a draft document.

Economy & Jobs 06-04-2017

JP Morgan boss: ‘Breakup of the EU and eurozone would be devastating’

In his annual letter to shareholders, the chairman of America’s biggest bank expressed his concern about the consequences of Brexit, as well as the financial deregulation promised by Donald Trump’s administration. EURACTIV’s partner La Tribune reports.

Development Policy 05-04-2017

German fight against money laundering undermining Africa aspirations

Germany is angling after a partnership with Africa as part of its presidency of the G20. But NGOs warn that Berlin’s fight against money laundering is undermining this goal. EURACTIV Germany reports.

Brexit 30-03-2017

Luxembourg stakes claim for EU banking body post-Brexit

Luxembourg has claimed the legal right to host the London-based European Banking Authority after Brexit, a government spokeswoman said today (30 March).

Economy & Jobs 24-03-2017

Panama is ‘not a tax haven’, says vice-president

Panama's vice-president yesterday (23 March) insisted her country is "not a tax haven" and claimed efforts to prevent scandals like the Panama Papers affair "go beyond just words". EURACTIV Spain reports.

Economic governance 23-03-2017

Italy to stretch EU rules again with new bank bailout

Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.

Economy & Jobs 14-03-2017

Parliament backs shareholders’ say on directors’ pay

The European Parliament backed an agreement on Tuesday (14 March) reached with member states to allow shareholders a say on directors’ remuneration schemes.

Economy & Jobs 14-03-2017

Tax campaigner: No one noticed LuxLeaks in Central and Eastern Europe

The LuxLeaks and Panama Papers scandals got hardly any attention in Central and Eastern European countries, Ondřej Kopečný told EURACTIV.com. The tax campaigner called on Brussels to push for greater awareness of the dangers of tax evasion in the region.

‘Open the ECB’s Black Box’ say Varoufakis and De Masi
Economic governance 09-03-2017

‘Open the ECB’s Black Box’ say Varoufakis and De Masi

The Greek economy is still in crisis, contracting 1.2% in the quarter. The figures, published by the Greek statistics agency, Elstat, show it was the worst quarter since the summer of 2015, when the European Central Bank closed the Greek banks.

Economic governance 08-03-2017

Berlin continues quest for ‘European Monetary Fund’

The German government still wants to set up a European monetary fund but the European Commission does not want to surrender any responsibility for assessing eurozone finances. EURACTIV’s partner Der Tagesspiegel reports.

Economy & Jobs 06-03-2017

Deutsche Bank sets sights on €8bn in capital hike

German banking powerhouse Deutsche Bank wants to beef up its capital reserves by selling off millions of new shares, as well as overhauling its business structure, in the wake of massive losses and international sanctions. EURACTIV’s partner Milano Finanza reports.