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Future EU 20-03-2018

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.
Economy & Jobs 11-01-2018

MiFID II passes first implementation test

Despite past concerns and some delays, legislators, regulators and experts were positive about the first week since the entry into force of the Markets in Financial Instruments Directive on 3 January, seen as the biggest reform of the financial sector since the 2007-2008 crisis.
Economy & Jobs 03-01-2018

Most member states unprepared for sweeping new financial market rules

A sweeping overhaul of EU financial market rules went into effect on Wednesday (3 January), but only 11 member states met the deadline to start applying the new rules.
Economy & Jobs 20-09-2017

EU moves to extend grip on financial sector after Brexit

The European Commission proposed on Wednesday (20 September) transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub.
Brexit 18-07-2017

Financial watchdog expects firms to make Brexit moves after year-end

Financial firms are waiting until the end of the year before moving staff and business ahead of Britain’s departure from the European Union in 2019, the country’s markets watchdog said.
Banking union 13-06-2017

EU seeks post-Brexit powers over London euro clearing

The EU unveiled plans Tuesday (13 June) to give itself powers to force a huge slice of London's banking business out of the UK after Brexit in a blow to the city's supremacy as a global financial hub.
Digital 19-09-2016

Commission champions ‘laissez-faire’ in first response to FinTech revolution

The digital revolution in the financial sector will get a helping hand from EU regulators later this year when the European Commission tables new proposals for retail financing, with a clear objective: let the revolution flourish.
Euro & Finance 10-11-2015

EU poised to delay landmark financial markets reforms

The European Union's major reform of financial market rules faces a delay of a year to January 2018 to give the financial services industry more time to prepare, a senior European Commission official said on Tuesday (10 November).
Digital 06-10-2015

EU watchdogs to scrutinise use of data by financial players

European banks and insurers could face new rules to control their use of "big data" to target customers with products, after EU watchdogs said that how they used the information would be investigated.

Commodity ‘speculators’ targeted in EU-wide securities reform

Europe-wide curbs on commodity "speculators", more light on the bond markets, and reinforced controls on ultra-fast trading were proposed by European Union regulators on Monday (28 September).
Euro & Finance 03-12-2013

EU threatens action against credit rating agencies

The "Big Three" agencies that rate European Union government debt could be fined after failing to fix poor practices from the past, the sector's regulator said on Monday (2 December).
Euro & Finance 13-09-2013

UK wins legal backing on EU’s short-selling ban

Britain has won backing to curb the power of the European Union market watchdog to ban short-selling in a boost to a campaign against the concentration of financial regulation in Brussels at the expense of the City of London.
Euro & Finance 30-03-2012

MEPs back sweeping derivatives regulations

The European Parliament voted yesterday (29 March) to adopt new rules to make over-the-counter derivatives trading safer and more transparent. 
Brexit 25-01-2012

Finance ministers break impasse on derivatives regulation

EU countries broke a deadlock in talks to crack down on the derivatives market, as France and Britain resolved a turf war over how much say a pan-European watchdog can have over national markets, diplomatic sources said.
Euro & Finance 16-11-2011

Credit ratings suspension ditched under proposed rules

Controversial proposals to suspend credit ratings agencies from assessing bond markets in EU member states were ditched yesterday (15 November) as the Commission watered down a package of measures to rein in the industry.
Euro & Finance 26-10-2011

Commission defends suspension of credit ratings

The Commission yesterday (25 October) defended proposals to suspend the activity of ratings agencies when necessary, attracting severe criticism from the industry over the issue.
Euro & Finance 03-06-2010

EU raises heat on rating agencies and managers

"This is not the end" and "we all have to do better" were European Commission President José Manuel Barroso's main messages at a press conference yesterday (2 June) announcing more EU measures to prevent risk-taking in the financial sector. 
The City of London
Euro & Finance 10-02-2010

MEPs want large banks under EU thumb

Large cross-border financial institutions will be supervised by a new European authority acting through national regulators, according to draft reports from the European Parliament which establish a single rulebook for financial supervision in the EU.