The European Council adopted a regulation introducing a legal framework for credit rating agencies (3642/09) and a directive updating capital requirements for banks (3670/09), which constitute a significant part of the work programme it launched last autumn in response to the financial crisis.
It also adopted a regulation on cross-border payments (3665/09) and a directive on electronic money (3666/09), in the light of assessments of the application of existing rules, as well as a decision establishing European Community programme to support activities in the field of financial services, financial reporting and auditing (3671/09).
The Council and the European Parliament reached agreements for all five dossiers in the first reading.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.