European Parliament
CFTC-EC swaps accord not working, says MEP Swinburne
Accord has not solved swaps liquidity fragmentation
Prips proposals panned by leading industry group
A group of leading investment banks is inveighing against proposals by European authorities, including a plan to assign a single risk indicator to structured products
'No appetite to reopen Solvency II' in face of global capital standards - Balz
Omnibus II rapporteur fears additional burden of global quantitative requirements
OTFs and Sefs: equivalence in doubt
European legislators are close to finalising their derivatives execution rules, but trading platforms are concerned the OTF framework may be sufficiently different to US Sef rules to scupper any chance of equivalence determinations. By Tom Osborn
Regulators clash on Mifid waivers
Some regulators and brokers have expressed fears that exemptions included in Mifid may mean European rules on trade execution are not equivalent to the US – but a key parliamentarian disagrees
Insurers demand clarity on Omnibus II
Equivalence, credit risk adjustment and details on level 2 text urgently needed, say top insurance executives
Barnier to attend crunch trilogue to see Solvency II negotiations ‘over the finish line'
Profound changes expected to long-term guarantees package
Econ chair Bowles calls for better ethics beyond banks
Accountants and lawyers also need to improve behavioural standards
Lithuanian presidency proposes increase to volatility adjuster cap
Benefit could more than triple amid hopes of a deal on Omnibus II long-term guarantees package
EU Council accused of bulldozing over long-term guarantees proposals
German MEP “appalled” by “irresponsible” council as Omnibus II trilogue negotiations resume
Postponed Omnibus II vote casts doubt on Solvency II 2016 launch
European Parliament pushes back vote to March 11 despite positive developments in Omnibus II negotiations
EU Council cooks up Solvency II volatility balancer revamp
New volatility adjustment proposed as optimism of trilogue agreement grows
Bribery laws pose compliance challenge for energy firms
Oil and gas firms still face compliance challenge from anti-bribery laws, despite court judgement against Dodd-Frank disclosure rules
FTT would ‘drain financial resources’, GFXD research claims
The global FX division is upping its lobbying efforts to have forex derivatives carved out of the financial transaction tax with new research that shows the potential impact of the tax on transaction costs
Backlash on the EU CVA exemption continues
The decision by European legislators to exempt EU banks from the CVA capital charge when trading with certain counterparties has infuriated regulators at home and abroad. Nick Sawyer discusses the issue with Duncan Wood
Long-term guarantee measures must be flexible - Balz
Solvency II calibrations need to account for different national contexts
DBS: Asian backlash over regulatory fragmentation
The crisis did not start in Asia, but Asian countries have been among the first to implement the resulting capital and liquidity regime – while the US and Europe have yet to move. The result is an unlevel playing field, says Elbert Pattijn, chief risk…
Europe goes its own way on CVA
Europe goes its own way on CVA
'Half dead' EUA market hit by political uncertainty
Uncertainty over a plan to postpone sales of EUAs is contributing to stalling prices and reduced liquidity
Solvency II equivalence rules must not threaten European insurers - Skinner
Rules must not cause 'ill effects' to firms with international business, warns senior MEP
EU bonus cap doubted by industry experts
1:2 maximum is "poorly thought through"
EU ETS faces back-loading test
A critical condition
Esma chair hits back against regulatory overreach claims
Esma chairman Steven Maijoor denies the supervisor overstepped its authority when drafting clearing rules
Parliament may decide not to reject Esma standards
Doubt cast over whether a motion to reject two Esma regulatory technical standards will survive a plenary vote on Thursday