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ECB unwinds liquidity support for banks
The surprise announcement of tougher standards for asset-backed securities used as collateral highlights how far the bank is planning its ‘exit strategy’ to dismantle measures taken after last year’s collapse of Lehman Brothers
Trichet warns on bank bonuses
Jean-Claude Trichet, ECB president, has issued his strongest warning yet that banks must keep pay and bonuses ‘contained’ and prepare for withdrawal of emergency support
Germany covets ECB presidency, say diplomats
A German deputy foreign minister has stirred much attention when he appeared to hint at a link between the two posts of EU president and foreign policy chief and the ECB presidency
Brussels holds off on sales reform
A pan-European retail distribution review is not yet in the offing and will only be considered by a newly elected Commission, whose time of appointment is unknown
Funds of funds dive into hedgie Ucits pool
Regulated Ucits III-compliant funds with hedge fund strategies are attracting a host of new players, but experts worry they will be costly for investors
Move to curb EU fund managers’ pay
Hedge fund and private equity fund managers could face new restrictions on pay under proposals set to be unveiled this week as European Union countries work on amending legislation that would regulate the industry across the bloc for the first time
EU states given stark warning on debt levels
The European Union’s public debt could rise to 100 per cent of gross domestic product by 2014 unless governments take firm action to restore fiscal discipline, EU finance ministers will be warned
Flaws in hedge fund rules detailed
Proposed pan-European regulation of hedge funds and private equity is being introduced on the back of a ‘vague, sweeping and inadequate’ analysis of the problem, according to a report prepared for European lawmakers
EU rules ease cross-border payments
Transferring money and paying bills across Europe should become simpler and faster under new payment rules that come into effect on Sunday
ECB weighs gentle exit strategy
Axel Weber, the Bundesbank president, hinted that the ECB would soon stop providing banks with unlimited one-year loans at record low interest rates. Thus another offer, scheduled for December 16, may well be the last
