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BoE/Cunliffe/Dombret: A missing tool against ‘too big to fail’
Bank of England Deputy Jon Cunliffe and Dr Andreas Dombret, Board Member of the Deutsche Bundesbank, argue that even with effective bank-separation laws failure of systemically important cross-border banks cannot be ruled out. This is why a minimum GLAC standard is needed.
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ECB/Constâncio: Accounting and financial reporting by central banks
Vítor Constâncio, Vice-President of the ECB, spoke on developments in international accounting standards; interaction between financial reporting and financial regulation; central bank balance sheets in stormy times; and central bank financial reporting and governance issues.
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Reuters: Protecting European bank test data from lucrative leaks
It would be an insider trader's dream to know ahead of time which of Europe's banks will fail or need more capital, and all that data will be stored somewhere in cyberspace as the European Central Bank assesses the eurozone's top banks.
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FN: Listed derivatives trading back on the rise
Global derivatives volumes traded on exchanges grew by over 7 per cent in 2013 with greater activity in futures and options based on commodities and interest rates helping to reverse the previous year’s declines.
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Financial News: High-speed traders face slowing effects of regulatory hurdles
The European Commission’s working document “European Financial Stability and Integration Report 2013” proposes changes that would mean a major shake-up for high-frequency trading (HFT) in Europe, if implemented.
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EBF: European banks support reform process and recognise need for change
The EBF strongly disagrees with the view expressed by Mrs Christine Lagarde that banks are pushing back on reform. On the contrary, European banks fully recognise the need for change and continue to participate in reform processes because these are critical to the success of Europe’s economy.
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Moody's: EU sovereign creditworthiness supported by new bank framework
The creditworthiness of European Union (EU) sovereigns may, over the longer term, benefit from the Bank Recovery and Resolution Directive (BRRD)/Single Resolution Mechanism (SRM) package, and, more broadly, the steps taken by the EU towards a Banking Union, according to Moody Investors Service.
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ESMA censures Standard & Poor's for internal control failings
ESMA issued a public notice censuring Standard & Poor’s Credit Market Services France SAS and Standard & Poor’s Credit Market Services Europe Limited for breaches of the CRA Regulation when falsely reporting on France's downgrade in 2011.
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