Credit rating agencies have warned the European Commission that they could stop rating risky countries if the EU executive goes ahead with plans to make them legally liable for errors of judgment, industry sources said. Tensions have been rising between …
European Union finance ministers met on Friday in a fresh attempt to agree a common approach on taxing banks as well as to grill credit rating agencies about how they arrive at their ratings. Three years since the onset of …
European Union lawmakers gave their final approval on Wednesday for the creation of watchdogs to regulate European banking, insurance and trading, in one of the most far-reaching financial reforms of the decade. Putting its stamp on an agreement sealed this …
The European Union could extend a planned levy beyond banks to other financial services firms, according to a report outlining the bloc’s message to G20 leaders who meet soon to tackle reform of the industry. The statement is likely to …
