Financial Regulatory Forum

FACTBOX-How European rules will curb hedge funds

May 19, 2010

May 19 (Reuters) – The European Union’s 27 countries and the bloc’s parliament agreed to tighten controls of hedge funds and private equity this week.

EU assembly rejects U.S. bank data deal on fighting terrorism

February 11, 2010

BRUSSELS, Feb 11 (Reuters) – The European Parliament rejected on Thursday an agreement with the United States on sharing bank data, snubbing appeals from Washington for help in counter-terrorism investigations.

EU parliament backs creation of bank crisis fund

February 9, 2010

By John O’Donnell

STRASBOURG, France, Feb 9 (Reuters) – The European Parliament is set to back a proposal that would force banks to pay into an emergency fund designed to help cope with future financial crises, a document seen by Reuters shows.

EU assembly may back U.S. bank data deal – sources

February 8, 2010
Wanted for financing terrorism

Wanted for financing terrorism

By Marcin Grajewski

BRUSSELS, Feb 8 (Reuters) – The European Parliament may approve a disputed deal with the United States on sharing bank data in the fight against terrorism if it is promised a say in future talks on the issue, parliamentary sources said.

from Global News Journal:

Brussels’ MEPs ready to duke it out with bankers

February 4, 2010

Every new year brings resolutions, and the European Parliament is no exception.

Often derided as a multi-lingual talking shop, the institution is feeling newly invigorated by some fresh faces and by the European Union's Lisbon reform treaty, which came into force late last year and gives the 736-member parliament more say in drafting laws and acting as a check on legislation.

EU economy, tax nominees may face second grilling

January 14, 2010

By John O’Donnell

BRUSSELS, Jan 14 (Reuters) – One of the European Union’s top lawmakers has said she may demand a second hearing to quiz the bloc’s designated tax and economics chiefs before the committee she leads decides whether to approve their appointments.

EU executive to target derivatives speculation

January 13, 2010

(Adds more detail on derivatives legislation)

BRUSSELS, Jan 13 (Reuters) – Speculation in commodity derivatives has been “scandalous” and needs to be regulated carefully, the European Union’s nominee for chief financial watchdog said on Wednesday.

EU’s Barnier says will mull short-selling curbs

January 13, 2010

By John O’Donnell

BRUSSELS, Jan 13 (Reuters) – The European Union’s designated financial services chief has pledged to examine curbs on short-selling and extend a planned regulatory shake-up to every corner of the industry, blamed by many for the economic crisis.

New EU finance watchdogs seen muzzled on companies

November 18, 2009

By Jonathan Gould
FRANKFURT, Nov 18 (Reuters) – Three new pan European Union financial watchdogs being set up next year are expected to have limited powers when it comes to individual markets and companies, officials said.

EU Parliament report slams hedge-fund directive

November 7, 2009

By Laurence Fletcher
LONDON, Nov 6 (Reuters) – A report for the European Parliament attacked a proposed EU directive to regulate hedge funds as “poorly constructed, ill-focused and premature”, in a blow for lawmakers who have demanded tough rules for the sector.