European Parliament
Opposition flares in France to the proposed Financial Transaction Tax
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.
UK FSA sees no MiFID II headache for its commission ban
The UK Financial Services Authority has responded that it is not concerned about a vote carried by the European Parliament's Economic and Monetary Affairs Committee (ECON) to effectively allow commission payments to retail clients under certain circumstances....
Latest delay to key Solvency II vote 'could threaten agreement on Omnibus II
The latest postponement of the European Parliament's critical vote on Omnibus II could undermine the negotiations to finalise the Omnibus II Directive and ultimately damage the international reputation of Solvency II, experts warn.
MiFID amendments lift barrier to brokers owning OTFs
Tweaks to the Markets in Financial Instruments Directive (MiFID) text would allow owners of organised trading facilities to engage in matched principal trading.
Be prepared: New short selling rules by November
Alix Prentice, special counsel at law firm Cadwalader explains the ramifications of the European Parliament's regulation of short selling, introduced in March, but taking full effect come 1 November.
ESMA director fears competition among rating agencies
Verena Ross (pictured), executive director at the European Securities and Markets Authority (ESMA), said increased competition between new and established credit rating agencies could harm their credibility.
MEPs looking to ban complex products - Cicero survey
A survey of some 101 MEPs by Cicero Consulting and ComRes found that 57% are considering banning "overly risky or complex financial products".
Van Rompuy defends European summit decisions
Herman Van Rompuy, president of the European Council, defends the decisions made by the majority of euro area leaders at the December 9 summit, while acknowledging the negotiation of an intergovernmental treaty to make the fiscal compact binding “will...
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