BRUSSELS, April 7 (Reuters) – The European Union (EU) is embarking on an overhaul of financial services that politicians hope will send bankers back to their roots of no-frills lending to households and business.
Financial Regulatory Forum
By Huw Jones and Jane Baird
LONDON, Feb 12 (Reuters) – British, Dutch and Swiss market watchdogs have agreed conditions to end a ban on clearing linkages, which could spur competition and cut fees in Europe’s stock market, industry officials said on Friday.
By Huw Jones
LONDON, Feb 2 (Reuters) – Banks should not be forced to shift privately-negotiated derivatives transactions onto exchanges, Britain’s Financial Services Minister, Paul Myners, said on Tuesday.
By Jonathan Spicer
NEW YORK, Dec 15 (Reuters) – CME Group Inc began clearing U.S.-based credit derivatives on Tuesday, aiming to capitalize on a government push to safeguard a private market blamed for exacerbating the financial crisis.