Analysts at Natixis say that the main risks to banks in the wake of the Liikanen Commission report remain the calculation of market RWAs and the weighting of property loans.
FECIF, the Fédération Européenne des Conseils et Intermédiaires Financiers, has complained bitterly in a letter to Commissioner Barnier about plans for further European regulation it says will force its members out of work.
The latest briefing by the EC confirms that Internal Market and Services commissioner Michele Barnier is seeking amendments to legislation to criminalise manipulation of indices.
Surveillance solutions provider Redkite Financial Markets announced it issued the world’s first ESMA alert against quote stuffing today.
Michel Barnier, the EU Commissioner for internal market and services, has denied he has innately “City-sceptic” views.
Lesser-known rating agencies in markets such as Brazil, China and Germany are planning their challenges to S&P, Moody’s and Fitch as new regulations take hold.
Internal Market and Services commissioner Michel Barnier has lent his support to the decision by the EFTA Surveillance Authority to refer Iceland to the EFTA Court over its position on British and Dutch depositors in bankrupt bank Icesave.
European regulators may be given new powers to suspend credit ratings of countries seeking or undergoing bailouts to prevent the “negative spillover effects to other countries”, according to proposals for tougher regulation issued by the European Commission.