About: banking Archives

  • Swedish minister urges action to avert Spanish bailout

    News | Euro & Finance 24-04-2012

    Europe must deal urgently with Spain's banking problems, which hang like a dark cloud threatening global economic recovery, Sweden's Finance Minister Anders Borg said yesterday (24 April).

  • Consumer groups slam EU ‘basic bank account’ plan

    News | Health 19-07-2011

    The European Commission yesterday (18 July) urged EU governments to make available to all consumers a basic payment account to ensure that all sections of the population can fully participate in society. But consumer groups accused the Commission of backing down on past promises to table legislation on the matter. 

  • European banking plan to rival London’s Libor

    News | Euro & Finance 20-06-2011

    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.

  • EU watchdogs show teeth over bank bonuses

    News | Euro & Finance 11-10-2010

    European Union bank watchdogs fleshed out on Friday (8 October) what amount to the world's toughest and most far-reaching curbs on bonuses, prompting a warning that financial firms are now more likely to set up shop elsewhere.

  • Commission backs €25bn ‘Financial Activities Tax’

    News | Euro & Finance 07-10-2010

    The European Commission is putting its weight today (7 October) behind a Financial Activities Tax (FAT) at EU level, saying it could bring cash-strapped governments up to 25 billion euros in revenue from the banking sector in the wake of the global financial crisis.

  • EU plans regular bank stress-tests

    News | Euro & Finance 01-10-2010

    The European Union will make health checks of banks a regular event and the results will be published in full, the bloc's presidency said yesterday (30 September).

  • Banking sector still vulnerable, says ECB

    News | Euro & Finance 30-09-2010

    The European Union's banking sector remains vulnerable and is recovering from the financial crisis in a slow and uneven fashion, the European Central Bank (ECB) said yesterday (29 September).

  • SMEs in turmoil as Bank of Scotland flees Ireland

    News | Brexit 20-08-2010

    Small businesses in Ireland fear a decision by a major UK bank to close its Irish operations will plunge them into an acute credit crisis by the end of the year.

  • The bonus risk

    Opinion | Euro & Finance 19-08-2010

    New EU rules on bankers' bonuses miss the point, argues Luigi Zingales, professor of entrepreneurship and finance at the University of Chicago Graduate School of Business and co-author of 'Saving Capitalism from the Capitalists'.

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

    Opinion | 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).

  • Brussels launches plan to avert future bank runs

    News | Euro & Finance 12-07-2010

    The European Commission will today (12 July) propose a series of measures to protect savers from the risk of failure in a move aimed at restoring confidence in the banking system and preventing public panic during financial storms.

  • EU countries to publish bank stress test

    News | Euro & Finance 18-06-2010

    All European Union countries will publish the results of stress tests on their banks in the second half of July at the latest to boost investor confidence in the financial sector, EU President Herman Van Rompuy said.