EuropeRSS

UK's senior managers & certification regime likely to see more investigations

As the UK’s senior managers and certification regime is extended more investigation are likely to ensue though it may not lead to a sharp rise in corresponding disciplinary enforcement actions.

Italy’s bank rescues raise hackles in Germany

It seems that not all resolution conditions for failing banks are equal across the EU, with Italy managing to sidestep Europe’s resolution regime to deal with two of its failing banks.

European Commission ponders transaction tax to fill budget hole

European Commission ponders pan-EU funding alternatives to plug loss of UK contributions once the country leaves the bloc, including a tax on financial transactions.

UK remains top investor destination for financial services

The UK remains by far the top European destination for foreign direct investment for financial services according to an EY survey, but firms are clearly concerned about the outcome of the UK's negotiations to leave the EU. 

ESMA sets out principles for attracting London-based financial firms

The European Securities and Markets Authority has set out nine principles for EU financial centres to follow when they bid to host financial firms looking for a new EU location.

MiFID II rules could see European institutions reduce broker relationships

EU rules designed to separate broker fees from the cost of research could lead to fewer broker relationships.

Barnier Davis web

Third-country equivalence becomes entangled in Brexit politics

The EU's thinking around third-country equivalence for financial services has become bogged down in the politics surrounding the UK's exit from the EU, meaning clarifications will probably be delayed for years. By Farah Khalique.

JJ Mares web

European Commission seeks to turbo-charge CMU

The European Commission set out ambitious plans for driving forward the capital markets union, but much will depend on the cooperation of the EU’s other policy stakeholders if they’re to become a reality. By Justin Pugsley.    

Banco Popular web

EU resolution regime aces Banco Popular test amid criticism

Despite earlier concerns over the eurozone’s complex bank resolution mechanisms, the rescue of Banco Popular worked admirably, though it has raised some questions. By Justin Pugsley.  

Stephane Giordano web

Firms hoping for some leniency on MiFID II as clock ticks

There are still numerous loose ends around the EU's Markets in Financial Instruments Directive II, and with less than six months to go before it goes live the industry is hoping regulators will take a lenient view on compliance. By Farah Khalique.

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