EC’s Juncker calls for stronger banking union

In a strongly integrationist speech, European Commission president Jean-Claude Juncker called for more EU states to join the European Banking Union and the euro, and for more decisions to be taken by qualified majority voting. Justin Pugsley reports.

Investors sue over resolution of Banco Popular Español

An investor lawsuit over the resolution of Banco Popular Español could call into question the viability of the EU Bank Recovery and Resolution Directive, reports Justin Pugsley. 

Sweden takes lead on raising risk weights on sovereign bonds

Sweden’s move to raise risk weights above zero for sovereign bond holdings by banks is unlikely to see a popular following across the EU. Justin Pugsley reports.

EU’s third country CCP oversight insufficient

A European Commission official said EU authorities lack sufficient tools to oversee third-country central counterparty clearing houses operating in the EU

Bank of England to release stress test results on Nov 28

Bank of England to publish stress test results on Nov 28 and will for the first time include a biennial exploratory scenario

ESMA publishes final draft on MiFID II derivatives trading obligations

ESMA published its final draft on regulatory technical standards pertaining to derivatives trading 

Ireland slows phasing in regulatory costs on financial firms

Following pressure from industry and to keep Dublin attractive as a financial centre, Ireland is extending the phase-in period for when financial firms pay the full cost of being regulated

Big Ben and EU flag

Lords hearing exposes EU regulatory equivalence complexities

A hearing in the UK’s House of Lords aired several obstacles – some technical – to the UK preserving a regulatory regime that is sufficiently similar to the EU’s for it to maintain maximum access to its financial markets. By Justin Pugsley.

European Banking Authority reception

STS securitisation still faces hurdles in the fine print to succeed

The EU is making progress with its much-anticipated simple transparent and standardised securitisations framework, but industry sources fear that there is still too much vagueness and uncertainty for it to work effectively. By Justin Pugsley.

EU flags

EU integration will likely continue

The results of the German election have thrown a spanner in the works for European reform and integration. But an understanding of what often drives European integration points to a potentially different outcome. Justin Pugsley reports.

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