Britain's financial sector has thrived in the European Union and quitting the 28-country bloc could limit access to a huge market and trigger an "investment pause" due to inevitable disruptions, senior bankers told lawmakers on Wednesday (6 January).
The European Commission’s plan for a Capital Market Union (CMU), brought the false promise of growth by supporting small and medium-sized businesses. In reality, it serves the interests of big investment banks, write a coalition of NGOs.
The European Union's plan to build a capital market union (CMU) will not include a super-regulator for markets in the same way the European Central bank now supervises top eurozone lenders, a senior EU official said on Wednesday (21 January).
The European Parliament summoned the British nominee to oversee the bloc's financial services sector to a new confirmation hearing next week after he failed to convince a committee of his suitability, lawmakers said.
Exempting Britain's banks from planned European Union rules to curb risky trading would be illegal, the bloc's lawyers said on Monday (16 June) in a legal opinion that marks another setback for UK attempts to limit Brussels' influence on the City.
Michel Barnier stood in front of the French Senate to defend reforms of the financial system that were taken under his watch. He also reaffirmed his support for Jean-Claude Juncker as the next President of the EU Commission. EurActiv France reports .
The European Commission published on Thursday a first comprehensive review of the financial regulation agenda. According to the EU's executive, the review review sets out how the reforms will deliver a safer and more responsible financial system by enhancing financial stability, deepening the single market for financial services and improving its efficiency whilst improving market integrity and confidence.
Financial reporting could fall under the scope of the proposed Libor regulation on financial benchmarks, undermining the role played by journalists. EU regulators must recognise this and exempt the media from the regulation, writes Angela Mills Wade.
A vast majority of senior financial services executives want Britain to stay in the European Union but said reform is needed to cut the amount of regulation, according to a survey released on Wednesday (30 October).
Ambitious plans for an EU-US free-trade agreement may be put in jeopardy by Washington's failure to finalise a deal coordinating rules in the €460 trillion derivatives market, the EU's financial markets chief has warned.
Much has been done in the last five years to restore financial stability, playing an important role in supporting the economy, but more could be done and ideas are welcome, writes Michel Barnier, announcing the opening of the debate on yourideasforeurope.eu .
The European crisis-management was at each turn at best accidental and the challenges facing the EU five years down the road are great. But European leaders could turn this ever-threatening crisis into a meaningful transition if they focus on developing a 'green economy', writes Éloi Laurent.
Uncollected VAT receipts totalled €193 billion across the European Union during 2011, or 1.5% of the bloc's GDP, according to a survey published by the European Commission yesterday (19 September), which confirmed figures revealed by EurActiv.fr earlier this week.
There are signs that Europe may be turning a corner after years of economic and financial turmoil, with the key Euribor bank-to-bank lending rate and a German business index looking solid as unemployment falls in Spain.
Levels of private equity investment have increased in 12 European countries despite the listless economy, a recent report shows. Vincenzo Morelli tells EurActiv the findings show that companies backed by private equity are the most innovative in Europe.
A Greek prosecutor charged three former ministers yesterday (6 March) for failing to declare the source of their wealth, the latest high-profile politicians in legal trouble as public anger rises at a political class widely seen as corrupt.
Despite London's efforts to block the measure, EU finance ministers on Tuesday agreed on new rules to cap banker's bonuses. The agreement aims to strengthen the banking sector and will cap bonus payments at the same level as an employee's yearly salary. It will also increase the amount of capital banks need to keep on their balance sheets.