The EU’s Markets in Financial Instruments Directive (MiFID) II is supposed to prevent excessive food speculation. But Oxfam says the financial sector is fighting stricter rules, with grave repercussions. EURACTIV Germany reports.
The all-powerful Conference of Presidents of the European Parliament decided on Thursday (5 February) that there would be no committee of inquiry into the Luxleaks scandal, giving it less clout in ongoing investigations of tax avoidance at the European level. EURACTIV France reports.
The European Commission Tuesday (21 October) issued rules for calculating the contributions of banks to national resolution funds and a proposal for banks contributing to the banking union’s Single Resolution Fund that would see largest banks hardest hit.
The MEP who led calls to cap fund managers’ bonuses has slammed Sharon Bowles, the ex-chairman of the European Parliament’s Economic and Monetary Affairs Committee, for taking a job with the London Stock Exchange.
NGOs and investors are at odds over the effects of food speculation, causing the European Parliament to propose limiting direct stakeholder purchases, and Deutsche Bank to cover its tracks amid "a flood of accusations." EURACTIV Germany reports.
MEPs face a daunting two weeks as they attempt to iron out glitches in key banking union regulations before heads of state meet in December to seal the new regime. Parliament’s life would be made easier if they knew how many countries want to join the new union, the rapporteur on one of the two regulations tells EURACTIV.
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.