FCA: Product regs won’t end innovation
Wednesday 25 Jan 2012 | Karina Whalley
The UK’s future Financial Conduct Authority has assured bankers that new powers to intervene in dangerous financial products will not stifle product innovation.
Regulating the insurance industry? Child’s play!
Wednesday 25 Jan 2012 | Regulation Mutters
A work programme released earlier this week by Europe’s insurance supervisor has shown the regulator’s human side, revealing it will work with the City of Frankfurt to create a kindergarten for local parents.
‘Major wave’ of Solvency II drafts in May
Wednesday 25 Jan 2012 | Andrew Hickley
The insurance industry should expect a “major wave” of public consultations in the early summer as the European insurance watchdog prepares to finalise Solvency II standards for September 2012.
BoE: Limit bonuses to boost bank capital
Wednesday 25 Jan 2012 | Karina Whalley
The Bank of England says banks must limit dividends to shareholders and bonus payments to employees in order to boost capital so that they may continue lending.
Barnier offers hope to NYSE/Boerse
Wednesday 25 Jan 2012 | Andrew Hickley
Influential European commissioner Michel Barnier has offered a glimmer of hope for the proposed merger between NYSE Euronext and Deutsche Boerse.
EU may suspend funds to Hungary
Wednesday 25 Jan 2012 | Karina Whalley
EU finance ministers have threatened to cut off Hungary’s access to the EU’s cohesion funds after it found the country had not complied with its recommendations to sustainably reduce its budget deficit.
EU ministers compromise on Emir
Wednesday 25 Jan 2012 | Andrew Hickley
European finance ministers have broken a stalemate on new OTC derivatives regulations after finding common ground in the European Council.
CRA rotation may reduce competition
Tuesday 24 Jan 2012 | Karina Whalley
The proposed mandatory rotation of credit rating agencies used by companies could actually reduce competition among agencies, industry experts and MEPs said during an Econ meeting.
Banks to get permanent state aid rules
Tuesday 24 Jan 2012 | Karina Whalley
The European Commission is to put forward a more permanent set of state aid rules for bank restructuring when the sovereign debt crisis subsides.
IASB announces three reappointments
Tuesday 24 Jan 2012 | [email protected] Three members of the International Accounting Standards Board have been re-elected, trustees of its oversight board announced on Tuesday.
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