Search @ tagged in Finance

Your search gave 269 result(s).

You can search within these results using the search input field.

Sort results by  page 

EU commission calls for shareholder powers on corporate pay

10.04.14 @ 09:07

Company shareholders would have a legally binding 'say on pay' under a new proposal by the European Commission published Wednesday (9 April). The reform, which forms part of a re-write of the bloc's corporate governance ...

Financial sector spends €120mn on EU lobbying

09.04.14 @ 21:31

The EU's financial industry spends more than €120 million per year and employs over 1,700 lobbyists to work in the EU institutions, according to new research by transparency campaigners. The report on "The fire power of ...

Common debt fund needs EU treaty change: report

01.04.14 @ 10:01

The EU treaties and democratic constraints block the way to establishing a fund to pool eurozone debt, according to a European Commission report released Monday (31 March). The report by a commission expert group led by ...

Czech government backs EU fiscal pact

25.03.14 @ 09:28

The Czech government has agreed to adopt the EU's fiscal pact, as the new centre-left administration of Prime Minister Bohuslav Sobotka continues to tread a more pro-EU path than his predecessors. The decision, taken ...

EU clinches accord on bank wind-down rules

20.03.14 @ 16:40

The EU is set to complete the final piece of its ambitious banking union after lawmakers agreed a deal on rules for winding down failed banks. Bleary-eyed MEPs and ministers announced agreement on a compromise text at ...

Stiglitz: ECB should scrap inflation targets

07.03.14 @ 09:34

The European Central Bank (ECB) should scrap its target to keep price inflation at 2 percent, Nobel prize winning economist Joseph Stiglitz said on Thursday (6 March). Speaking at an event organised by the European ...

EU rules clamp down on bank 'risk takers'

04.03.14 @ 19:28

The European Commission has published rules aimed at making it easier to identify financiers involved in their bank's riskiest trading activities, as part of reforms aimed at capping bank bonuses. Drafted by the ...

MEPs back cap on credit card fees

21.02.14 @ 09:24

MEPs have backed plans to cap card payment fees charged to shops by credit card giants Mastercard and Visa in a move aimed at saving €6 billion per year. In a vote of the parliament's economic affairs committee on ...

LetterCapping interchange – not the future for electronic payments

20.02.14 @ 17:58

In an article Credit card companies are pocketing dazzling profits published on EUobserver on 14 February, MEPs Bas Eickhout, Sven Giegold and Jean Paul Besset present a number of arguments related to the future ...

OpinionCredit card companies are pocketing dazzling profits

14.02.14 @ 17:10

Payment card companies such as Visa and Mastercard and the banks that issue their debit and credit cards have been pocketing dazzling profits as a result of unfair competition. After years the European Union is finally ...

Ministers time-wasting on bank union talks, MEPs say

06.02.14 @ 21:15

MEPs have accused EU finance ministers of delaying tactics in negotiations on a single resolution fund for eurozone banks. Deputies in Strasbourg voted on Thursday (6 February) by a strong margin to back a parliament ...

MEPs agree four-year jail term for insider trading

05.02.14 @ 09:28

Financiers in the EU who rig interest rates or take part in insider trading could face years in jail under legislation backed by MEPs on Tuesday (4 February). As part of new rules which will come into force in 2016, ...

Merkel coalition partners side with MEPs on EU bank fund

01.02.14 @ 14:40

Hard fought concessions won by German finance minister Wolfgang Schaeuble on the EU's banking union plans have come under friendly fire from his social democrat coalition partners. Under a painfully agreed compromise ...

Mastercard set to lose legal battle with EU over payment fees

30.01.14 @ 20:00

US credit card giant Mastercard looks set to lose its legal battle against an EU cap on its payment fees, following a legal opinion from the European Court of Justice. The dispute follows a Commission ruling in 2007 ...

Barnier launches EU bid to ban risky bank trades

29.01.14 @ 20:18

The EU's biggest banks could be banned from speculative trading, under legislation proposed on Wednesday (29 January) by the European Commission. EU financial services commissioner Michel Barnier told reporters that so- ...

AgendaGreece, banking union and Putin dominate this WEEK

27.01.14 @ 09:27

Russian President Vladimir Putin will be in town on Tuesday (28 January) for the 32nd EU-Russia summit, with the volatile situation in Ukraine likely to be the elephant in the room. Relations between Moscow and Brussels ...

EU bonus cap to have little impact on bank pay

23.01.14 @ 18:28

The EU's new bank bonus rules are unlikely to have much effect on executive pay, according to leading credit ratings agency Fitch. In a paper published on Thursday (23 January), Fitch, which is one of the so-called 'big ...

Court slaps down UK challenge to EU short-selling ban

22.01.14 @ 18:24

The European Court of Justice has in a surprise move thrown out a UK legal challenge to EU rules on short-selling. The ruling refers to legislation adopted in 2012, which gives the Paris-based European Securities and ...

Eurozone bank network getting smaller

21.01.14 @ 17:52

The number of banks in the eurozone fell by almost 4 percent in 2013, according to data published Tuesday (21 January) by the European Central Bank . There were 6,790 monetary financial institutions (MFIs) based in the ...

British charity attacks billionaires ahead of Davos forum

21.01.14 @ 09:30

As the world's richest and most powerful men and women prepare to meet in the Swiss resort of Davos for the annual World Economic Forum on Wednesday (22 January), the British development charity, Oxfam, has issued a new ...

MEPs issue threat over bank resolution plan

17.01.14 @ 08:57

The European Parliament is prepared to pull the plug on plans for a common rule book to wind up failed banks, deputies said on Thursday (16 December). Ministers reached agreement in December on a new authority to deal ...

EU lawmakers agree deal on commodity trading

15.01.14 @ 09:07

EU lawmakers reached a breakthrough on new rules to crack down on commodity speculation on Tuesday night (14 January) in Strasbourg. Under the so-called Market in Financial Instruments directive (MiFiD) that will ...

AnalysisGreece in search of dignity, as crisis subsides

13.01.14 @ 18:28

After more than four years of international humiliation as the result of an economic crisis that has piled innumerable indignities on its people, Greece is keen to restore some national pride. "Our common quest" is the ...

AnalysisIs the Greek economy ready to come off life support?

09.01.14 @ 09:29

After six consecutive years of recession, the Greek economy might finally be allowed to leave its life support machine this year. The country's debt burden should start to fall in 2014. So should unemployment. It may ...

AnalysisEU bank resolution, Schleswig-Holstein, and how to make sense of it

20.12.13 @ 11:31

“Only three people ... ever really understood the Schleswig-Holstein business - the Prince Consort, who is dead, a German professor, who has gone mad, and I, who have forgotten all about it." At least, that is what the ...

EU ministers clinch deal on failed banks

19.12.13 @ 09:27

EU finance ministers have agreed new rules on how to wind up failed banks - the key pillar of a "banking union" designed to stop a repeat of the crisis. The deal, finalised in Brussels late on Wednesday (18 December) ...

EU reaches deal to protect bank savings

18.12.13 @ 09:26

EU lawmakers have made a breakthrough in banking union talks after agreeing on rules to protect people's savings, ending a two-year impasse between MEPs and ministers. Under the deal brokered on Tuesday night (17 ...

EU in new bid to broker bank closure deal

16.12.13 @ 11:26

EU officials have a new proposal on the table as they try to agree on rules to wind up ailing banks this week. Eurozone finance ministers will meet in Brussels on Tuesday (17 December) to discuss the fresh compromise, ...

'We can't go mad again' - the reality as Ireland leaves its bailout

14.12.13 @ 08:14

Ireland will become the first eurozone country to exit a bailout on Sunday when it completes its €67.5 billion three-year programme. However, those hoping that this brings an end to an austerity programme that has seen ...

Europe's banks need €110 billion to keep credit ratings

13.12.13 @ 09:31

Europe's 50 biggest banks need capital injections of up to €110 billion to remain strong enough to sustain their credit ratings, Standard and Poor's has said. In a report published Thursday (12 December), the rating ...

EU lawmakers reach agreement on bank rescue rules

12.12.13 @ 09:28

MEPs and ministers have agreed new rules to rescue insolvent banks that would target bondholders not savers, following the final round of talks in Strasbourg. The bank recovery and resolution directive, which will apply ...

Ministers edge toward bank resolution deal after marathon talks

11.12.13 @ 09:29

EU finance ministers have edged closer to a deal on rules to wind up stricken banks, following more than 12 hours of talks in Brussels. After a marathon meeting went on well into the early hours of Wednesday (11 ...

AgendaBanking union tops agenda for ministers this WEEK

09.12.13 @ 09:29

Eurozone finance ministers will meet on Monday (9 December) in Brussels with progress on the latest stage of banking union topping the agenda. With Ireland and Spain exiting their programmes in the coming days and weeks ...

EU financial tax is legal, commission lawyers say

06.12.13 @ 09:24

The EU's financial transactions tax is legal and would not discriminate against countries outside its remit, according to lawyers working for the European Commission. A report by the commission's legal team, seen by ...

Banks to pay out €1.7 billion in rate-fixing scandal

04.12.13 @ 19:02

Eight European banks have been fined a total of €1.7 billion after the European Commission found that they had been participating in illegal cartels to fix the multi-trillion euro market of financial derivatives. The ...

UK has 75 percent of EU's millionaire bankers

01.12.13 @ 08:43

More than 75 percent of Europe's banking millionaires are based in the UK, according to a report by the EU's bank watchdog. More than 2,700 UK-based bankers were paid more than €1 million in 2012, compared to a further ...

Eurozone unemployment down first time since 2011

29.11.13 @ 17:54

Unemployment in the eurozone fell for the first time since February 2011, according to figures released on Friday (29 November). The jobless rate fell to 12.1 percent in October 2013, according to EU statistical agency ...

Spain and Italy get leeway on budget targets

23.11.13 @ 08:51

Spain and Italy were among eurozone countries told to stiffen their budgets for 2014 on Friday if they want to meet the EU's rules on debt and deficits. The meeting of eurozone finance ministers in Brussels on Friday ( ...

Economic recovery slow and painful, EU's Rehn says

05.11.13 @ 15:56

The EU economy will remain flat in 2013, EU economic affairs commissioner Olli Rehn said on Tuesday (5 November), as he downgraded the bloc's growth forecasts for 2014 and 2015. Although the EU economy grew by 0.3 ...

EU parliament to probe bailout troikas

28.10.13 @ 13:04

MEPs dealing with economic affairs are to launch an inquiry into the "non-transparent" work of EU Commission, European Central Bank and International Monetary Fund officials overseeing spending cuts in bailout countries ...

Ministers at odds on bank rescue rules

15.10.13 @ 09:31

Eurozone finance ministers remained far apart on Monday (14 October) in the latest stage of negotiations on a banking union. Eurogroup chair Jeroen Dijsselbloem asked "how much time do you have" when questioned about ...

America leapfrogs Europe as world's richest region

10.10.13 @ 09:29

At $241trillion, global wealth has reached an historic high as the gap between income disparities widen. “We expect global wealth to rise by nearly 40 percent over the next five years, reaching $334 trillion by 2018,” ...

UK launches court challenge against EU bank bonus deal

26.09.13 @ 09:13

The UK launched a legal challenge to EU rules capping bank bonuses on Wednesday (25 September), claiming that limits on pay would do nothing to make the financial sector safer. The rules, which are set to be introduced ...

EU clamps down on shadow banking

05.09.13 @ 09:27

EU financial services commissioner Michel Barnier on Wednesday (4 September) laid out plans to regulate the opaque shadow banking sector, saying that it should no longer be beyond "clear supervision." The shadow banking ...

ECB: No one is 'safe' from euro crisis

13.08.13 @ 09:27

A new report by the European Central Bank (ECB) says that even "safe haven" countries are prone to financial shocks from the euro crisis. The paper, by ECB economist Livio Stracca, out on Monday (12 August), notes that ...

British bankers dominate EU rich-list

16.07.13 @ 09:27

British bankers dominate Europe's financial sector rich-list, according to data published on Monday (15 July) by the bloc's banking watchdog. Data collected by the European Banking Authority (EBA), the EU agency that ...

EU and US reach last-minute derivatives deal

11.07.13 @ 20:54

EU and US financial services officials have reached a last-minute agreement on rules governing the complex derivatives market, after nearly a year of talks between regulators. The agreement, which will see the sides ...

Irish tapes show need for EU bank union

02.07.13 @ 20:19

Despite receiving fulsome praise from a series of EU leaders for their six month stint holding the EU's rotating presidency, the Irish government finished the job on a sour note. A series of taped conversations between ...

Banks rigged €10 trillion derivatives market, Brussels says

02.07.13 @ 09:30

Thirteen big banks colluded to shut out competition from the multi-trillion euro derivatives market, according to an investigation by the European Commission. The EU's executive arm said that its investigation, which ...

EIB in spotlight as leaders eye increased business lending

28.06.13 @ 07:37

The European Investment Bank (EIB) was in the spotlight on Thursday (27 June) as EU leaders examined ways to boost lending to Europe's cash-strapped businesses. The communique expected to be endorsed at the end of the ...