EU eyes curbs to rein in shadow banking

European Flag

Financial operators on the fringes of the traditional bank system could be made to hold more capital and mainstream banks forced to limit exposure to risk in the $60 trillion (38,07 trillion pound) shadow banking sector, a draft EU paper showed.

01/26/2012 — Filed under: Finance
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EU to punish Spain for deficits, inaction

spain

The European Union is likely to take action against Spain’s newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation have told Reuters.

01/25/2012 — Filed under: Finance
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EU bailout funding possible

Wen Jiabao greets German Chancellor Angela Merkel

Wen raises prospect after meeting German chancellor

01/18/2012 — Filed under: Finance
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EU official: Greece needs extra $20 billion

eu

Greece needs about an extra 15 billion euros to get its debt down to manageable levels — and the rest of 17-country eurozone is being asked to help foot the bill.

01/17/2012 — Filed under: Finance
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World Bank head: EU fiscal pact good, but reforms need growth focus

world-bank

European countries are focusing too much on short-term tactics, and not enough on long-term strategy in their attempts to bolster the continent’s economies, World Bank President Robert Zoellick said on Friday.

01/9/2012 — Filed under: Finance
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EU watchdog proposes rules to improve ETF transparency

Exchange-Traded-Funds

Exchange traded funds must disclose whether they lend out securities and give greater detail on the collateral they hold, the European Union’s market watchdog (ESMA) proposed on Monday.

01/7/2012 — Filed under: Finance
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Spain workers lose bridge holidays in debt crisis austerity move

 employment office in Madrid.

In a nearly $20-billion package of spending cuts and tax increases passed by the parliament, the government moved most holidays away from midweek to Mondays to cut off time and increase productivity.

01/2/2012 — Filed under: Finance
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European Union turns screws on Greece, Spain, as recession looms

EU

European finance ministers on Tuesday ordered Greece and Spain to swiftly get debts under control as a recession threatened to undermine efforts to end a two-year crisis.

01/1/2012 — Filed under: Finance,Politics
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U.K. Banks Should Pay Lower Bonuses to Mend Finances, Clegg Says

london

U.K. banks should pay lower bonuses and retain the money to help strengthen their balance sheets, Deputy Prime Minister Nick Clegg said.

12/27/2011 — Filed under: Finance
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EU pushes Spain to take new reform, budget steps

spain

Spain’s new government needs to enact more reforms to cut the country’s joblessness levels and its fiscal deficit, the EU’s top economic official said on Wednesday, stressing that youth unemployment was a big worry.

12/23/2011 — Filed under: Finance
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