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EC presents first comprehensive review of EU's financial regulation reform agenda
The European Commission has published a review which sets out how the adopted reforms will deliver a safer and more responsible financial system by enhancing financial stability, deepening the single market and improving its efficiency whilst improving market integrity and confidence.
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ECB/Constâncio: Banking Union and European integration
Vítor Constâncio, Vice-President of the ECB, said it was essential to recognise and confront the fact that the logical steps towards deeper integration seem to run against what seems to be the mood of many Europeans.
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ECB/Nouy: Toward the European Banking Union - Achievements and challenges
Europe has made significant achievements over the past five years. Also, the regulatory landscape has been revised substantially. Europe has taken major steps forward, the Banking Union being one of them.
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Deloitte: The SSM - Banking on the Banking Union
The third in the series of papers by the EMEA Centre for Regulatory Strategy provides a view on questions relating to regulatory relationships, the supervisory approach and the implications of the new resolution process.
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Reuters: ECB keeps bank test deadlines in sight
The European Central Bank has made a series of concessions to banks that will make it easier for them to meet the tight deadlines of a landmark review of their businesses.
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Bloomberg: Merkel warns against political influence on ECB stress tests
Chancellor Angela Merkel warned against political meddling in stress tests for European banks and said the world’s biggest economies haven’t finished regulating the shadow banking system.
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BoE/Cunliffe: Ending 'too big to fail' – Progress and remaining issues
He spoke on the two-pronged approach taken by regulators: first, to reduce, but not eliminate, the probability of failure by increasing the resilience of financial institutions; second, managing the impact of failure via the resolution framework and by making investors bear losses.
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Bloomberg: Covered bond fight sidelines Basel’s bank goals
A 3 1/2 year lobbying tour de force by Danish bankers and politicians is bearing fruit as Scandinavia’s smallest economy looks poised to persuade the European Union to sidestep Basel III liquidity rules.
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Risk.net: Basel exposure limits raise questions for client clearing
Banks that clear derivatives as the client of a clearing house member rather than as a member themselves may end up breaching new rules limiting large, single-counterparty exposures if regulators decide member firms are interconnected – a concept introduced when the rules were finalised on 15 April.
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EBF: European banks remain committed to financing economy, fostering growth
Banks welcome progress towards Banking Union and reiterate their support for asset quality review. The EBF Board states that economic implications of the banking structural reform proposal and financial transaction tax (FTT) need more careful consideration.
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EBF: Wim Mijs appointed Chief Executive
Wim Mijs, Chief Executive of the Dutch Banking Association, has been appointed as the new Chief Executive of the European Banking Federation. He will succeed Guido Ravoet, who is retiring on 1 September.
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ECB: Final recommendations for the security of payment account access services
Following the public consultation, the ECB published a report presenting a set of recommendations developed by the European Forum on the Security of Retail Payments, SecuRe Pay (the "Forum").
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