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ECB report: Financial integration in Europe
Integration in European financial markets has improved, but is still worse than before crisis, two reports by the European Commission and ECB show. The ECB also presented the new SYNFINT financial integration index.
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Bloomberg: ECB proposes aligning upper limit for penalties imposed on banks
The ECB says the upper limit for fines that has been in place since the central bank was created in 1998 should match that applicable to the lenders it will start supervising in November. The proposed changes to European law were posted on the ECB’s website.
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EU financial services reform gets approved by Council
The EU Council concluded for MiFID II, the SRM and BRRD that the Parliament’s position reflects what has previously been agreed with the Council.
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EBA publishes common methodology and scenario for 2014 EU-banks stress test
While the extensive process of banks' balance sheet repair is already underway, the test, designed to assess banks' resilience to hypothetical external shocks, will identify remaining vulnerabilities in the EU banking sector and will provide a high level of transparency into EU banks' exposures.
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ECB: Banks have six to nine months to cover capital shortfalls following comprehensive assessment
The ECB has today informed banks how capital shortfalls must be addressed following the comprehensive assessment. This announcement follows today's release by the European Banking Authority of the methodology and scenarios for the EU-wide stress test.
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Reuters: ABS industry pins hopes on ECB repo criteria for rules relief
Policy-makers should boil down a standard definition of high-quality securitisation pivoting around the ECB collateral-eligibility criteria to boost the recovery of the asset class, market participants say.
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ECB/Constâncio: Banking Union - Meaning and implications for the future of banking
Vítor Constâncio, Vice-President of the ECB, spoke on the future implications of the Banking Union, saying that the sovereignty-sharing that monetary union represented implies further progress towards more political union.
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