About: financial markets
Dutch surprise rivals in race for Brexit stock market spoils
In the race for business lost by the City of London because of Brexit, Amsterdam's stock market has surprised European rivals by carving out the biggest slice so far.
Brexit sparks £1 trillion UK assets switch to EU: study
UK banks and insurers have shifted more than £1.0 trillion to the European Union in response to Brexit, a study published Friday (16 April) found.
EU to throw London lifeline with extension to coveted clearing
The European Union is expected to throw the City of London an 18-month lifeline to continue clearing euro derivatives after Britain's unfettered access to the bloc ends in January, industry sources said on Tuesday (15 September).
Global growth continues to weaken, World Bank report confirms
After the IMF and the OECD, the World Bank has also cut its 2019 growth forecasts. Uncertainties over trade and investment are at the root of this slowdown, which is also affecting the eurozone. EURACTIV France reports.
Brexit: an opportunity to restructure European finance?
The governor of the Banque de France, François Villeroy de Galhau, regards Brexit as an opportunity for Paris and European finance. But, for the smallest financial actors, much remains to be done before March 2019. EURACTIV France reports.
Renewed Italian government tensions fuel bond selloff
Short-dated Italian government bonds sold off on Friday (3 August) for the second straight day on signs of deepening tension within the Italian government that is raising the prospect of new elections.
European markets sink as trade war fears build
European equities markets were in the red on Thursday as trade war fears ratcheted higher after the United States said it was looking at more than doubling threatened tariffs on a range of Chinese imports.
Juncker prepares for 4 March ‘worse-case scenario’
Commission President Jean-Claude Juncker warned yesterday (22 February) that financial markets could face turbulence after Italian elections next month, saying Brussels was prepared for a worst-case scenario.
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.
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.
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.
European Fiscal Board chief: Commission’s analysis ‘made a bit too quickly’
The new European Fiscal Board began working just as the European Commission took the unprecedented step of proposing a fiscal target for the eurozone. The Board’s chief, Niels Thygesen told EURACTIV.com that the Commission should have done “more analysis” before proposing an expansionist stance.
Commission’s top advisor championed market ‘discipline’ in crisis years
Niels Thygesen, the new chair of the European Fiscal Board, called for “ambiguity” in the eurozone’s rescue mechanisms in order to let investors “impose discipline” on national governments.
5,500 UK-based finance firms could lose EU ‘passporting’ rights
The 'passport' rights allowing 5,500 British-based financial firms to operate freely across the European single market are at stake in the fallout from Brexit, posing a 'significant' risk to the finance sector, the country's financial watchdog has revealed.
Hollande does U-turn, increases French development aid
François Hollande has announced an increase to France's official development assistance budget for 2017, putting an end to several consecutive years of funding cuts. EURACTIV France reports.
Paris pulls out all the stops in effort to poach London’s financial sector
The French government is bending over backwards with promises of tax cuts, in order to present Paris and the eurozone as a safe haven from the uncertainty of Brexit, and the risk of economic depression in the United Kingdom. EURACTIV France reports.
UK economy plunges into unknown on Brexit
Britain's economy was plunged into a dizzying unknown on Friday as the country lurched towards the EU exit, with the world economy bracing for a hit on growth and unemployment.
Sleepless in the City: London traders brace for referendum
London's financial district is set for a sleepless night Thursday (23 June) as traders hunker down to await the hotly-anticipated EU referendum result.
Brexit: Paris stock exchange to ‘assert its strength’
The Paris stock exchange plans to “assert its strength” to attract international businesses, taking advantage of the potential damage Brexit could do to the City of London, French sources said on Monday (30 May).
HSBC, Barclays say EU has been crucial to London success
Britain's financial sector has thrived in the European Union and quitting the 28-country bloc could limit access to a huge market and trigger an "investment pause" due to inevitable disruptions, senior bankers told lawmakers on Wednesday (6 January).
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).
Moscovici optimistic about Greece’s future and eurozone recovery
European Commissioner for Economic and Financial Affairs Pierre Moscovici has said he has “no reason to doubt” the eurozone's economic growth prediction of 1.5% for 2015. EURACTIV France reports.
Rising risks to our currency and trading systems
The rising popularity of extremism reflects a popular disenchantment with the policies that have led to economic stagnation, writes William R. Rhodes.