The AFG, the French fund association, has issued a strong statement describing the "devastating consequences" of the proposed Europe-wide Financial Transaction Tax (FTT) on the local asset management sector.
The European Council discussions around banking union and future regulation of Europe's banking sector have been outlined by European Commission president Barroso and European Council president van Rompuy in a Q&A session.
Speaking at today's Tripartite Social Summit, European Council president Herman van Rompuy and EC president Manuel Barroso stressed the focus on growth needed to match austerity measures currently in place across the region.
Technology provider Cinnober Financial Technology has criticised moves by the European Parliament to curb high frequency trading, saying they are ‘populist' and backed by ill-informed politicians.
The European Parliament's plenary session in Brussels today voted overwhelmingly in favour of new rules governing the derivatives market, encompassing both OTC and non-OTC derivatives.
Banks will not be hit with a capital charge for credit value adjustment (CVA) on trades conducted with European debt management offices and central banks under proposed amendments to European bank capital rules.
European Union heads of state or government unanimously re-elected Herman Van Rompuy as president of the European Council for a second term of two and a half years from June 2012 to November 2014.
Wer Macht hat, hat auch eine Verantwortung - kurz gefasst war das die Rede gestern des Praesidenten des European Council, als er den Deutschen sagte, sie spielten dank ihres Vermoegens "eine besondere Rolle" in Europa.
Avtalet som slöts i Bryssel igår säkerställer Sveriges intressen, och leder till en resa för de berörda euroländer liknande den som Sverige tagit de senaste 10-15 år, mot bättre statsfinanser och en krympande statsskuld säger Fredrik Reinfeldt.
Italy could be downgraded by a further two notches, said a senior Fitch Ratings director in Milan. Fitch had earlier said that it could cut Italy’s rating at the end of January.