European Commission (EC)
EU derivatives experts suggest threshold system for corporates
Legislators at the European Commission will today move a step closer to determining whether non-financial users of over-the-counter derivatives should be forced to clear trades through central counterparties (CCPs) – a possibility corporates have…
EBF requests review of EC capital markets rules
European bankers call for improvements to Markets in Financial Instruments Directive ahead of European Commission review; CESR calls for evidence on markets' developments
Binge then bust
Politicians have recently expressed alarm at a cross-currency swap conducted between Greece and Goldman Sachs in 2001, which allowed the sovereign to reduce the debt it reported in its public accounts. But other examples now coming to light show the…
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 struggles with cross-border crisis rules
Senior regulatory figures speak out on future legislation at a Brussels conference
European Commission admitted to CPSS/Iosco working group on CCPs
The EC says its seat on the steering committee will help keep global regulation coherent.
Obstacles to reform
Grand statements have been made about the need for a new financial supervision framework in Europe, but can the European Union work out the practicalities of reform? Patrick Blum reports
EC’s Nabucco pipeline payout a small step in right direction
The European Commission’s announcement of a €200 million payout to the Nabucco pipeline has been welcomed by European utilities, but some experts point out it is only a tiny fraction of the estimated total cost of €7.9 billion.
Derivatives caught in the spotlight
Regulators are considering extending transparency requirements to include pre- and post-trade reporting for over-the-counter derivatives. But the industry is keen to spell out the limits of what can be done without damaging investor confidence and…
Hitting the groundwork
As head of the EC’s financial markets infrastructure unit, Patrick Pearson is leading the effort to draw up new European legislation for derivatives. He talks to Risk about the progress of that effort and the importance of aligning the rules with similar…
QIS 5 - Making political capital
With the fifth quantitative impact study looming, Ceiops has released its final advice for Solvency II’s level two implementation measures to howls of indignation from the industry. The SCR standard formula’s calibration risks driving a wedge between…
