European Parliament
EU member states still at loggerheads over AIFM
Alternative investment fund managers directive postponed due to "absence of an agreement"
Talks continue on AIFM directive
Press release scheduled for the afternoon of October 11 cancelled.
Goodhart attacks new European supervisory structure
Academic labels three new watchdogs “a waste and a mistake”; former financial secretary Lord Myners scornful of Basel III
MEPs win out on powers for new European supervisory bodies
Pan-European authorities will have the power to impose emergency measures and intervene with financial institutions, after parliamentarians gained ground in compromise agreement
Banker bonuses cut by EU amendments to CRD...
...and US issues supervisory guidance
Interview: UK MP Jonathan Evans on financial regulation
Chair of All Party Group on Insurance and Financial Services says reorganisation of UK regulatory structure is welcome
Europe hikes capital rules, slashes banker bonuses
Legislation adopted by European Parliament requires banks hold up to four times more capital to protect against trading risk; half of bankers’ bonuses to be paid in contingent capital
AIFM first reading vote delayed until September
Belgium is set to take over negotiations for the alternative investment fund managers (AIFM) directive after talks between the European Union council and parliament broke down last week.
European derivatives draft to be published for consultation within days
EC derivatives legislation set to be far more detailed than US financial reform bills, and open to industry comment before final adoption.
European Parliament’s IAS 39 clearing eligibility proposal criticised by accountants
Accountants condemn a proposal to use IAS 39 as a means to determine whether a derivative has to be cleared through a central counterparty.
Cut derivatives volumes down to size, says European Parliament report
European Parliament committee calls for a smaller derivatives market, citing "distorting" effect.
Risk Europe: EU supervision package could be delayed
Creation of new European supervisory authorities is hampered by disagreements between EU parliament and council
AIFM texts adopted by EU parliament and council
Hedge fund managers based outside the European Union (EU) may have to comply with the alternative investment fund managers (AIFM) directive in order to market products to EU member states, under proposals approved last night (May 17).
Basel Committee’s Walter: Basel III on track
A package of reforms to the Basel II capital framework will be calibrated by year-end as planned, says secretary-general.
A capital suggestion
To prevent another financial crisis, should regulators introduce more of the same – that is, greater capital requirements – or should they take a completely different approach and address corporate culture and behaviour instead?
EU reform: the devil’s in the detail
It’s all very well to make grand statements about the need for a new financial supervision framework in Europe, but can the EU work out the practicalities of reform?
Setting the stage for major scene change
Editor's letter
Lawyers highlight grey areas in securitisation regulation
Securitisation regulation recently passed by the European Union could have problematic legal implications for originators and investors, according to lawyers.
US securitisation regulation will force 5% retention
US regulators will require originators and sponsors of securitisations to retain 5% of securitised exposures and increase transparency of transactions, according to a leaked draft of a US Treasury report on improving the regulatory system, due to be…
Solvency II approved by European Parliament
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EU presses ahead with tougher regulation of rating agencies
The European Parliament today voted in favour of a new regulation that will force credit rating agencies (CRAs) to comply with minimum standards of good practice and transparency.
Concrete steps taken on international regulation
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