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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.