About: banking regulation
Commission explores EU-wide crowdfunding project to finance recovery
The European Commission has held initial talks with various platforms involved in crowdfunding and proposed to lead a joint EU-wide crowdfunding campaign to help some of the most affected groups by the coronavirus pandemic, according to an internal document seen by EURACTIV.
Leak: Capitals call for ‘ambitious’ use of bank regulation to help with coronavirus
EU governments want the European Commission and regulators to take an “ambitious” approach when interpreting the flexibility of banking rules in the coronavirus period, to ensure that money flows to the real economy, according to a draft statement seen by EURACTIV.com.
Dombrovskis: EU’s fiscal rules are flexible for impact of coronavirus
The European Commission will be "flexible" with Italy and other member states affected by the coronavirus when assessing their efforts to balance their public accounts, European Commission vice-president Valdis Dombrovskis said in an interview.
BNP Paribas: A rudderless juggernaut?
In a thorough and critical documentary, two filmmakers raise questions about the disproportionate power of BNP Paribas, one of Europe’s largest banks. The documentary is a case study calling into question the credibility of European banking regulation. EURACTIV France reports.
Estonia admits over €1 trillion were laundered in the country in 2008-2017
Banks doing business in Estonia, which has been at the centre of a money-laundering scandal involving Danske Bank, handled more than $1 trillion in cross-border flows between 2008 and 2017, according to the country's central bank.
Money launderers are taking EU to the cleaners, experts say
EU nations may boast the world's most stringent anti-money laundering rules, but recent scandals show that criminals are good at exploiting the bloc's Achilles' heel: a patent lack of coordination.
Friction between France and Germany over En Marche’s European ambitions
In the run-up to a European council on the revival of the European project, the increasingly direct political rivalry between En Marche and the CDU make the exchange between France and Germany difficult.
Bulgarian presidency seeks to ease new rules on foreign banks
The European Union has been urged by its Bulgarian presidency to ease proposed new regulations on foreign banks within the block to bring them in line with US requirements, EU documents showed yesterday (22 February).
Regulating finance: What future for Europe after the US elections?
Efforts to strengthen risk management in the banking and insurance sector were stepped up in the wake of the 2008 financial crash.
ECB chief outlines three risks still facing Eurozone recovery
The profitability of European banks, weak inflation and the recovery's dependence on accommodating monetary policy are the three immediate risks facing the Eurozone, Mario Draghi has said. EURACTIV’s partner Milano Finanza reports.
The EU needs London’s financial wizardry
As a result of the United Kingdom’s vote to leave the EU, its position as the continent’s main financial hub has been called into question. But downgrading London’s status could decrease the EU’s share of global trade even further, warns Philip Geddes.
Homeowners offered cheaper mortgages in return for energy efficiency renovations
EXCLUSIVE / Homeowners will qualify for reduced repayment rates on their mortgages if they undertake energy efficiency renovations, and lower interest rates on loans to pay for them, under “pioneering” plans being drawn up by lenders for consideration by EU and global regulators.
EU, US strike deal to avoid disrupting derivatives market
The European Union and the United States agreed yesterday (10 February) to accept each other's derivatives rules in a long-awaited step to avoid splitting the $550 trillion market.
ECB accuses Germany of obstructing supervisory role
The European Central Bank has criticised a draft German law relating to the management and regulation of the banking sector. EURACTIV Germany reports.
Czech bankers fear EU bail-in rules’ impact
New EU rules that will force losses on big depositors and bondholders over the heads of national regulators could detstabilize banks in some countries and pose a systemic risk at the European level, Czech bankers have warned. EURACTIV Czech Republic reports.
Lawmakers fail EU plans to split up large banks
Deep divisions between political groups in the European Parliament are set to sink reforms aimed at preventing banks from being “too big to fail”, a key political objective following the 2008 financial crisis.
EU lawmaker seeks to dilute bank trading reform
Draft European Union rules forcing banks to isolate their risky trading activities should be eased to take national measures into account and avoid harming markets, an EU document written by a senior lawmaker has proposed.
EU may scrap plan to separate bank trading activities
The European Union may ditch plans to force banks to keep high-risk trading activities separate from their main businesses because of opposition from some member states.
French, British banks press EU to revise bank reform plans
French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks, warning the move could discourage lending to struggling economies. VideoPromoted content
Banking For The Future – 2014 EBF Annual Conference
The annual conference of the European Banking Federation is a landmark Brussels event discussing key developments in the European banking sector. The conference brings together chief executives from leading European banks with EU-level regulators, policy-makers, and other stakeholders in Europe’s economy at large.
UK exemption from EU bank rules ‘illegal’, lawyers say
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.
Banking sector’s contribution to growth ‘nil or negative’, EU advisors say
Europe's banking sector is bloated and takes at least as much out of the economy as it adds, academic advisers to Europe's early warning financial risk body said in a report published on Monday.
Greens vow to push for bank ring-fence after EU elections
SPECIAL REPORT / The European Greens will push for a compulsory ring-fence between banks' riskier investment banking and retail activities, such as mortgages and lending to small businesses, after the European elections.