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ECB plays down rise in euro’s global status
The European Central Bank argues that the recent rises in the share holdings of the 10-year old currency is almost entirely because of its rising value
Rise takes eurozone rates to seven-year high
Markets were relieved by a less hawkish tone from the European Central Bank, which damped fears of further rises to come
Brussels eyes bank shake-up
Customers could be able to switch their accounts between institutions more easily and without charge, suggests a proposed regulation circulating in the European Commission
ECB calls for better access to bank data
The European Central Bank cites the need to improve the flow of sensitive information in order to fulfil its core tasks of ensuring financial stability and setting rates
EU calls to limit auditors’ liability
The unlimited liability borne by auditors is ‘no longer tenable’, the European Commission said, recommending countries introduce legislation to limit auditors’ risks
Brussels acts to enforce rules on dirty money
The European Commission is pursuing its members over their failure to implement anti-money laundering laws amid tensions over the global crackdown on criminal financing
Brussels concern at Northern Rock package
The European Commission has serious reservations about the British government’s restructuring package to save Northern Rock, the stricken mortgage lender
Call for European banks to revive markets
A member of the central bank’s executive board has urged banks to make ‘serious efforts’ to bring investors back into the mortgage-backed bond and similar markets
‘White list’ excludes UK-linked tax havens
A draft document drawn up by European Union member countries of financial centres with top quality anti-money-laundering controls has omitted key British-linked territories
Martin Wolf: Emu’s second 10 years may be tougher than its first
The eurozone is a triumph as a monetary union. Yet it is much less so as an economic union. Its creation has not caused the acceleration in dynamism that proponents hoped for – if anything, structural reforms have slowed, writes Martin Wolf
