About: financial markets

Future EU 23-02-2018

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.
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.
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.
Euro & Finance 09-12-2016

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.
Euro & Finance 20-10-2016

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.
Brexit 22-09-2016

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.
Development Policy 02-09-2016

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.
Euro & Finance 08-07-2016

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.
Brexit 24-06-2016

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.  
City of London skyline at sunset
Brexit 21-06-2016

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.
Euro & Finance 31-05-2016

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).
City of London skyline at sunset
Brexit 07-01-2016

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).
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).
Euro & Finance 01-09-2015

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
Euro & Finance 18-03-2015

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.
Professor Andrew Clare, CASS Business School
Brexit 18-02-2015

EU’s financial indices regulation ‘bizarre and wrong’

The regulation of financial indices and benchmarks will stifle innovation and is part of a move by Brussels to “regulate anything they don’t understand”, Andrew Clare told EURACTIV.
Euro & Finance 05-12-2014

EU may scrap plan to separate bank trading activities

The European Union may ditch plans to force banks to keep high-risk trading activities separate from their main businesses because of opposition from some member states.
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Economy & Jobs 09-10-2014

Parliament confirms Hill as EU Commissioner

Jonathan Hill was confirmed by the European Parliament on Wednesday as EU Commissioner for Financial Stability, Financial Services and Capital Markets Union, after facing questions by MEPs over his commitment to the EU and whether he would use the position to work in favour of the City of London. Hill was the only Commissioner called back to a second hearing with MEPs.