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19 March 2015

Friends 'Weekly' Newsletter


EBA's risk dashboard for EU banking sector, BCBS/IOSCO, IASB, single market, Brexit, Grexit, CMU EC's Tax Transparency Package and more.

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  Articles from 12 March 2015 - 19 March 2015

  Banking
 
 
EBA updated its risk dashboard for EU banking sector
The risk dashboard summarises the main risks and vulnerabilities in the EU banking sector on the basis of the evolution of Key Risk Indicators (KRI) from 55 banks for the third quarter of 2014.
 
  Securities
 
 
Basel Committee/IOSCO: Revisions to implementation of margin requirements for non-centrally cleared derivatives
The framework was originally published in September 2013, after two public consultations.
 
  Corporate Governance/Accounting
 
 
IASB/Hoogervorst: 'Bad accounting breeds bad policies'
"Both investors and managers are best served by accounting standards that reflect the economic reality, not by standards that create fake stability by smoothing out problems over the years.”
 
  Political
 
 
European Council, 19-20/03/2015 - agenda
Issues the Council will focus on. Schulz warns before summit Greek finances are 'dangerous.'
Euractiv: Interview with Lord Mayor of London - 'The single market is what it is all about'
Alan Yarrow discussed the City’s relationship with the EU and capital markets union, among other things.
Reuters: Moscovici says EU won't keep Greece in euro zone at any price
"The Eurogroup has an overwhelming will to keep Greece in the euro zone. Financial accidents can happen. Our task, however, is not to organise this but to prevent it," Pierre Moscovici, the financial affairs chief, told German daily Die Welt.
Wall Street Journal: Revisiting the big plan to save the euro
Three years on, there has been no progress on forming a deeper economic and monetary union.
 
  Financial
 
 
ECB: What is the goal of the Capital Markets Union?
Cœuré: "Capital markets are starting again to show some signs of de-fragmentation. Looking forward, the objective of CMU should be to support qualitative integration, rather than quantitative convergence."
 
  Economic
 
 
European Commission presents Tax Transparency Package
The measures are part of the Commission's agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to introduce the automatic exchange of information between Member States on their tax rulings.
Financial Times: Draghi QE is stoking bond bubble risk
Eurozone bond prices are losing touch with fundamentals.
 

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