Financial regulation Archives

  • Europe’s harmony overdose

    Euro & Finance 12-10-2010

    EU harmonisation does not make sense for every aspect of financial regulation, argues Mojmír Hampl, vice-governor of the Czech National Bank and a member of the EU's Economic and Financial Committee (EFC).

  • Why the EU’s bank rescue strategy is turning into a political and economic catastrophe

    Euro & Finance 07-10-2010

    Irish leader Brian Cowen's blanket guarantee for the country's banks was ''one of the most catastrophic political decisions taken in post-war Europe'' due to the lack of a wider EU strategy to tackle the sector's problems, writes Wolfgang Münchau of Eurointelligence, who is also an associate editor at the Financial Times.

  • The European Semester: What does it mean?

    Euro & Finance 06-10-2010

    Besides reforming supervision of EU financial markets, a 'European semester' is to ensure from 2011 that national economic and fiscal policies are assessed in Brussels first before they are adopted by member states. 'What does this mean exactly?' asks Nicolaus Heinen, an analyst at Deutsche Bank (DB) Research, in a September analysis.

  • The price of crisis prevention

    Euro & Finance 23-09-2010

    The high price of the financial crisis shows how reforms must be as cost-effective as possible, writes Jean Pisani-Ferry, director of economics think-tank Bruegel, professor of economics at the Université Paris-Dauphine and a member of the French prime minister's Council of Economic Analysis.

  • Why the spectre of default just refuses to go away

    Euro & Finance 23-09-2010

    City analysts in London and journalistic observers in Paris and Frankfurt already appear to have drawn the conclusion that it is only a matter of time before Greece defaults. Although the prime minister, the EU, the European Central Bank and the IMF keep on denying such a scenario, the spectre of default keeps returning and is starting to form its own reality, writes Jens Bastian, senior economic research fellow for South Eastern Europe at ELIAMEP, in an exclusive op-ed for EURACTIV.

  • Good governance for the euro area: Proposals for economic stability

    Euro & Finance 14-09-2010

    No less than the future of the euro hangs in balance with regard to the current debate surrounding economic governance, writes Alessandro Leipold, economic adviser to the Lisbon Council and former acting director of the IMF's European department.

  • European economic governance: What does the future hold?

    Euro & Finance 13-09-2010

    The EU's €750 billion rescue package gives the euro zone three years to reinvent itself and inspire new confidence in the future of monetary union among markets and investors through convincing economic governance, writes Nicolaus Heinen, an analyst at Deutsche Bank Research, in an August commentary.

  • Global financial centres after the crisis

    Euro & Finance 08-09-2010

    The crisis and its regulatory consequences are set to change the landscape of financial centres across the world and the competition among them – with Europe falling behind, writes Steffen Kern, an analyst at Deutsche Bank Research, in an August study.

  • Too much ‘too big to fail’?

    Euro & Finance 06-09-2010

    Focusing on correcting market failures risks avoiding dealing with the real cause of the financial crisis, writes Adair Turner, chairman of the United Kingdom's Financial Services Authority and a member of the House of Lords.

  • Gazelles and Turtles

    Euro & Finance 30-08-2010

    The financial crisis is over but the world is currently divided into two groups: those countries that are recovering strongly and those that are lagging behind with new potential problems, writes Hans-Werner Sinn, professor of economics and public finance at the University of Munich and president of the Ifo Institute, in an August op-ed.

  • Argentina’s warning to would-be euro deserters

    Euro & Finance 16-08-2010

    Argentina's traumatic experience of currency devaluation should be heeded by eurozone countries considering leaving the single currency, warn Mario I. Blejer, former governor of the Central Bank of Argentina and Eduardo Levy Yeyati, professor of economics at the Universidad Torcuato di Tella in Buenos Aires. 

  • First step towards ‘twin peaks’ model of financial supervision

    Euro & Finance 28-07-2010

    The EU needs a strong financial supervision system with binding powers and the most appropriate solution would be a 'twin peaks' model – with one authority to supervise the banking and insurance sectors and another for securities and consumer protection, writes French Socialist MEP Pervenche Berés in a July blog post for the Hellenic Foundation for European & Foreign Policy (ELIAMEP).

  • EU do it: The time is ripe for a financial transaction tax

    Euro & Finance 12-07-2010

    As EU citizens lose faith in their leaders' resolve to make the financial sector pay for the damage it has caused, the case for implementing a financial transaction tax (FTT) ''could not be stronger,'' argues ex-investment banker Sony Kapoor, managing director of think-tank Re-Define and an advisor to several G20 governments and the European Parliament, in an op-ed for EURACTIV.

  • Europe’s banks, Europe’s crisis

    Euro & Finance 08-07-2010

    European policymakers have no one to blame but themselves for the current depression in financial markets, argues Daniel Gros, director of the Centre for European Policy Studies.

  • No safe havens for dirty money

    Euro & Finance 28-06-2010

    Civil society pressure is needed to bring stronger penalties against those harbouring dirty money, write  French Economy, Industry and Employment Minister Christine Lagarde and Ngozi Okonjo-Iweala, the World Bank Group's managing director.

  • Women are just men with less money

    Social Europe & Jobs 28-06-2010

    More women may be needed in decision-making positions to stave off future crises, writes gender awareness expert Dr. Jane Hailé, an independent consultant to the UN and the European Commission, in a post on Blogactiv.

  • Tough home truths in IMF report

    Euro & Finance 08-06-2010

    The International Monetary Fund (IMF) ''does not mince its words'' in calling on the eurozone countries to transform their economies, slash public spending and pursue economic governance in its recent report on the eurozone crisis, writes Michael Berendt, formerly senior policy adviser at Fleishman-Hillard, in a June blog post.

  • Whatever happened to the G20?

    Euro & Finance 16-04-2010

    Although the G20 was hailed as the body that would prevent another great depression, it has practically disappeared from public view and is over-represented by Europe – which will have to streamline its participation at some point, writes Katinka Barysch, deputy director of the Centre for European Reform (CER), in an April paper.

  • Why getting tough on credit default swaps does more harm than good

    Euro & Finance 14-04-2010

    ''Speculators are said to have been involved in the escalation of the Greek crisis. For this reason, politicians want to ban the purchase of naked credit default swaps (CDSs). This would not be of any help to sovereign borrowers, however,'' writes Christian Weistroffer from Deutsche Bank Research in a March publication.

  • EU hedge fund law should not ignore microfinance

    Euro & Finance 26-03-2010

    The EU's draft directive on Alternative Investment Fund Managers (AIFM) could have direct implications for the booming microfinance sector, whose specific requirements have not been embraced by the current version of the law, writes Axel de Ville, chairman of the European Microfinance Platform, in a commentary for EURACTIV.

  • The road ahead after de Larosière

    Euro & Finance 15-09-2009

    The European Commission faces "a difficult and precise balancing act" in drawing up proposals for a new framework on EU financial and economic supervision due this autumn, writes Karel Lannoo, CEO of the Centre for European Policy Studies (CEPS), in an August paper.

  • Reforming financial regulation in Europe

    Brexit 24-06-2009

    The UK government's reaction to EU proposals on financial regulation will provide a "potential watershed moment" for UK-EU relations, argue Sir Brian Unwin, ex-president of the European Investment Bank, and Graham Bishop in a June report published by the London-based Federal Trust.

  • Keep it simple: Policy responses to the financial crisis

    Science & Policymaking 08-04-2009

    Lax regulation only played a "permissive role" in contributing to global financial instability, according to a paper recently published by the Centre for European Policy Studies (CEPS) and prepared by members of Italian business association Assonime.

  • The pitfalls of the Payment Services Directive

    Brexit 25-03-2009

    The EU's Payment Services Directive (PSD) is in danger of "creating a legislative labyrinth," warns Professor Maria Chiara Malaguti in a recent paper for the European Credit Research Institute (ECRI).

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