Financial regulation

‘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.
Economy & Jobs 23-02-2017

The bailout business: Who profits from bank rescues in the EU?

According to a new report by Amsterdam's Transnational Institute, bailing out banks is a lucrative business in the EU.
Economic governance 13-02-2017

European Economic Forecast: Sunny with a chance of uncertainty

EU economies are expected to grow throughout 2018. The upturn is the first time in almost a decade that member states have collectively experienced positive growth.
Economic governance 06-02-2017

The ‘Trump effect’ on Europe’s economy

Today (6 February) at a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Mario Draghi, the president of the European Central Bank, was asked about the effects of Trump’s Muslim ban on Europe’s economy. Draghi called it "worrisome".
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Economy & Jobs 15-05-2014

Commission presents first review of EU reform agenda

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.
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Economy & Jobs 03-10-2013

The Changing Face of Financial Reporting and Auditing

With new auditing rules and underlying regulations on cross-border taxation, one of Europe’s traditional strength services – financial reporting – faces challenges on several fronts: Corporate governance initiatives are increasing the range and substance of traditional corporate reports;
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Euro & Finance 14-05-2013

EC Reding on gender balance

EU's Justice Commissioner Viviane Reding met with Accenture's Managing Director Markus Klimmer on Tuesday to discuss how best to improve gender balance on company boards.                                           
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Euro & Finance 06-03-2013

EU agrees bank bonus cap despite UK opposition

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.
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Banking union 06-06-2012

EC presents plan for crisis banks

The European Commission on Wednesday unveiled a new proposal that will protect taxpayers from banks that go bust. Under the new draft legislation, shareholders and creditors would be forced to accept losses of troubled-banks instead of using public-funded bailouts. The new plan also allows member states to take control of crisis-hit banks and replace the management. Each institution would also have to create a special fund dedicated specifically for potential future crises.
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Economy & Jobs 11-04-2012

Spain denies bailout talks

Is Spain next in line for a Greek style bail-out? Spanish Finance Minister Luis de Guindos does't think so, at least not for the moment. Spain is at the center of a financial storm as markets pushed the cost of its bonds to soar above 6%. In a bid to calm the markets and keep Brussels happy, the Spanish government on Tuesday announced a 10 billion euro slash in its public spending. The European commission welcomed the move, which comes on top of 78 billion euros in cuts presented in March.
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Economy & Jobs 27-10-2011

Eurosummit: post-game analysis

European leaders achieved a breakthrough early on Thursday to write off half of Greece's debt and seek foreign capital to double the eurozone's bailout fund to around €1 trillion. But crucial details on the fund's size were left for finance ministers to decide end of November.
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Euro & Finance 29-08-2011

Trichet eases euro liquidity worries

The European Parliament on Monday expressed broad support and full confidence in the way that the European Central Bank is handling what he says it the worst financial crisis since the second World War. Addressing a packed committee-room in Brussels, ECB chief Jean-Claude Trichet reiterated his view on the need for even more stringent budget reforms in the countries that have adopted the euro.