Friday

29th Mar 2024

Ticker

Dutch expect to become EU financial hub

The Netherlands is to become the EU centre for financial instruments trading post-Brexit, the Dutch financial markets authority (AFM) said Monday, while banks were moving from London to Frankfurt and Paris, and asset managers were relocating to Dublin and Luxembourg. "There is a fairly invisible shift taking place in European capital markets," the AFM said. Stocks and bonds trading firm XTX said Monday its EU hub would be Paris, however.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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