It may look like an unlikely scenario on paper, but Europe's elderly masses could be about to provide the killer blow to draft EU rules to regulate the alternative investment industry.
Financial Regulatory Forum
By Foo Yun Chee and Huw Jones
BRUSSELS/LONDON, July 16 (Reuters) – Crisis-hit banks seeking European Union regulatory approval for state aid may have to sell assets and curb their market and geographical expansion, according to a draft EU document on bank restructuring rules.
By Julien Troyer
STRASBOURG, France, July 15 (Reuters) – European Union president Sweden promised on Wednesday to secure quick agreement on moves to tighten financial regulations to combat the economic crisis and on steps to fight climate change. (more…)
By Huw Jones
LONDON/BRUSSELS, July 13 (Reuters) – The European Union on Monday unveiled a new law that punishes banks who encourage too much risk-taking with their policies on pay, in an effort to put an end to the practices blamed for the credit crunch.
A draft law published by the European Commission tightens EU rules on bank capital and requires banks to improve disclosure of the holdings in securitised products, bidding to apply lessons from the worst financial crisis since the 1930s. (more…)
By Huw Jones
LONDON, July 8 (Reuters) – European Union regulators unveiled draft plans on Wednesday to force short sellers of stocks to publicly disclose significant positions in a bid to crack down on those who abuse the market.
LONDON, July 6 (Reuters) – New European Union laws designed to force banks to strengthen capital buffers will be unveiled in October, part of a regulatory drive stop a repeat of the global financial crisis, the Financial Times reported on Tuesday.
LONDON, July 6 (Reuters) – The adoption of tough European Union restrictions on hedge funds could provoke a transatlantic regulatory war, one of the sector’s leading figures told the Financial Times newspaper in an interview.
By Marcin Grajewski and Huw Jones
BRUSSELS/LONDON (Reuters) – Germany wants to relax global rules on capital charges to ease writedown pressures on banks holding toxic assets, an EU document showed on Wednesday.
European Union finance ministers meet next week and will be asked to endorse a report from their Economic and Financial Committee on how to stop rules amplifying market turmoil. (more…)
By Huw Jones
LONDON, July 1 (Reuters) – Centrally clearing the bulk of off-exchange derivatives contracts will be the core of Europe’s efforts to cut risk in the sector as further study is needed before forcing any trades onto exchanges, an EU document said.