BaFin accuses lender of 2019 failure to disclose key details about losses at US operations
Consultation by regulator finds 70% of participants favour reduction that would align with UK’s timing
Elizabeth McCaul says rapid growth of lightly regulated lenders could translate into ‘systemic’ threat
Mairead McGuinness says one-year deferral of market risk rules will preserve “level playing field”
Advances in technology mean institutions can and should gain a fuller picture of where cash flow problems might lie
Consob issues combined €4.7mn fine against Optiver and Flow Traders after oilfield engineer’s botched 2022 capital raising
Tape, measured
Schwab AM has no plans to launch EU-domiciled funds and EU rules inhibit the sale of US ETFs to retail investors
We’re Miffed Too
Former Italian premier Enrico Letta was asked by European leaders to report on state of single market
UK regulator says asset managers should be able to pay for ‘bundled’ research and trading fees
Esma levies rare penalty against Scope over failures to manage conflicts of interest
Regulator extends rules for 18 months to fix Brussels’ legal misdrafting
Compromises on regulation will mean more vulnerabilities in a crisis
New Basel rules set to require more capital for most banks but should also make insurance a more attractive proposition
Brussels rushes to update new legislation after oversight in new rules
Regulations stopping lenders growing allows US rivals to dominate, says CEO overseeing Credit Suisse takeover
More data needed on the risks of market based finance to avoid future shocks, says Sarah Breeden
London and Brussels should collaborate more on regulation
Intervention highlights uneven EU playing field, with some Ucits funds holding crypto assets
Also in this week’s newsletter, revisiting the financial regulation inherited from the EU
EU-based traders required to send up to 900 trades a year to ‘active accounts’ in the bloc
Report says Orlen engaged in cut-price disposals to complete merger with rival
The bloc’s financial heart is weak, struggling to pump sufficient capital to support companies and the economy
Government move clears some of the regulatory uncertainty caused by Brexit
