Euro-hopeful Bulgaria does not yet meet the criteria to adopt the single currency, the European Commission will say today (23 May) in an assessment of European Union countries that must one day switch to the euro.
British and European Union watchdogs could sign a pact to avoid Brexit disrupting trillions of pounds in cross-border financial contracts and undermine market stability, a top UK regulator said yesterday (5 February).
Britain’s banks could cope with a “disorderly” Brexit without needing to curb lending or be bailed out by taxpayers, the Bank of England said today (28 November) after carrying out its annual health check on lenders.
At the end of a suspenseful day, delegates from 27 EU governments meeting in the General Affairs Council chose to relocate the European Medicines Agency to Amsterdam and the European Banking Authority to Paris. EURACTIV France reports.
Caixabank's decision to move its legal headquarters out of Catalonia to calm investors was permanent, the lender's CEO said yesterday (24 October), saying the crisis between Spain and Catalonia had prompted some deposit outflows.
Since the 2008 financial crisis broke out, more than €1.5 trillion in taxpayer money has been used to rescue ailing banks in Europe, according to the European Commission. Citizens shouldn’t grow accustomed to this, writes Sol Trumbo Vila.
EU states involved in the development of a Financial Transaction Tax have set a target launch date of 1 January 2016. Greece was the only participant not to sign the agreement. EURACTIV France reports.
The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy, in the most serious sanctions so far over the Ukraine crisis, under proposals considered by EU governments yesterday (24 July).
Negotiators have reached agreement over a proposed EU directive ensuring that all European citizens have access to a basic bank account, including previously excluded groups such as refugees, foreign students, and blue card holders.
The Commission will unveil a blueprint to challenge the power of big banks today (29 January) but critics believe it will change little as it does not strictly separate multi-billion-euro market bets from savers' money.
More muddling-through in the EU is in the pipeline. If that wasn’t so dangerous, one could somehow live with it. But the problem with muddling-through is that it does not offer a perspective for those countries that are really suffering in this crisis. It does not create hope. Europe is in a bind, writes Jan Techau.
Eastern and central European countries face disappointment with capitalism on a par with their previous disillusion with communism as western European banks continue to pull back from investment in the territory. The EURACTIV network reports.
The EU's internal market commissioner Michel Barnier wants more transparency on fees consumers pay when making payments abroad, in a move that could replicate the approach taken with mobile phone operators whose so-called "roaming" fees were capped.
A common currency cannot function if banking systems remain segmented along national lines, as a result the eurozone does not need an 'economic government' but an integrated banking market complete with a common supervisor, argues Daniel Gross.
A European banking group will this week test a new price benchmark to set the cost of interbank and corporate lending, challenging the London Interbank Offered Rate (Libor) pricing scheme and paving the way for a stronger role for continental European banks in money markets.