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MNI: Eurobills issuance would require Treaty change, experts say
Eurobill issuance would inherently require a Treaty change due to rules on budgetary sovereignty, the Commission's expert group concluded in its report. However, expert group member Graham Bishop said there was a way to issue eurobills and test their effectiveness through a temporary arrangement reached through an IGA.
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Expert Group publishes final report on debt redemption fund and eurobills
The final report concludes that both a debt redemption fund/pact and eurobills would have merits in stabilising government debt markets, supporting monetary policy transmission and promoting financial stability and integration, although in different ways and with different long-term implications.
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SRM: Council confirms deal with EP
The Perm Reps Committee approved, on behalf of the Council, a compromise agreed with the EP on a regulation establishing a single resolution mechanism for failing banks. This enables the Parliament to approve the text at first reading before it adjourns for elections in May.
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High-level Group at work on future financing of the EU
The high level group on own resources holds its first meeting in Brussels today under the chairmanship of Mario Monti, former Italian Prime Minister and European Commissioner.
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Barnier: Turning a corner in financial services
In his closing remarks at the EUROFI High Level Seminar, Michel Barnier commended the progress made in financial regulation both in Europe and on a global level and defended the Commission's proposal to revive a sustainable securitisation markets to ensure long-term financing.
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Bundesbank/Dombret: Regulatory reform - unresolved issues and the need for international cooperation
Regulatory reform has to continue, argued Andreas Dombret, highlighting outstanding issues such as "too-big-to-fail" banks, shadow banking, OTC derivatives and accounting standards. He stressed the need for international cooperation.
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Robert Schuman Foundation/Maystadt: Investment in and the financing of the European economy
As the European Commission adopted a communication on the long term financing of the European economy on 27 March 2014, Philippe Maystadt, former President of the EIB, argues for the Robert Schuman Foundation that the European Union is facing an investment crisis.
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FSB Plenary meets in London
At its meeting in London, the Financial Stability Board (FSB) discussed vulnerabilities affecting the global financial system and reviewed work plans for completing core financial reforms.
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IMF: Global Financial Stability Report
Western banking regulations could be 'mutually destructive' claims the international Monetary Fund's report, says policymakers have failed to stabilise the sector and protect taxpayers from banks "too big to fail".
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