Wednesday

4th May 2016

Ticker

Consultancies scoop big contracts on EU bank supervision

The European Central Bank and eight national regulators will spend up to €487.7mn on fees to consultancy firms and auditors for screening of the 128 biggest lenders as a “necessary first step” for establishing the pan-European banking union, reports the Financial Times. The Union applies to countries in the euro-area.

News in Brief

  1. Hungary to hold migrant quota referendum by October
  2. France rejects TTIP in its current form, says Hollande
  3. New commander takes charge of US forces in Europe
  4. Spain issues arrest warrants for Russian officials
  5. Pro-Putin bikers refused entry by Poland, Lithuania
  6. Nato gives details of new Baltic force
  7. German state gets historic Green-CDU coalition
  8. Chinese police to patrol Italian streets

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