EU financial services News

Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says

A top European insurance executive slammed a piece of regulation that has emerged as key driver behind a recent slate of asset management acquisitions by banks. The rule known as Danish Compromise gives the region’s lenders “an advantage” when buying …

European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields

European insurers approached the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges, with falling yields and moderating premium rates …

ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks

Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was launched …

Switzerland, EU Restart Financial Market Talks After Long Hiatus

Switzerland and the European Union resumed talks on financial market regulation on Thursday after dialog was suspended in 2017, the Swiss government said. Issues relating to financial market stability, cross-border activities, capital markets, digital finance, cybersecurity, sustainable finance and insurance …

EU Should Revisit Bank and Insurer Capital Rules: French President Macron

French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they are not too risk-averse and Europe is put at an economic disadvantage. The Basel Committee of …

Fragmented Europe to Make New Bid for US-Style Capital Market

After years of struggling to raise capital in European Union markets, Mews – a hospitality software firm with Czech roots – finally secured funding by registering as a Dutch company. For its next step, Mews is looking even further from …

Banks, Insurers Targeted as Climate Group Seeks EU Review of Deforestation Rule

Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation rule, in a move designed to preempt an official review of the regulation next year. UK-based nonprofit Global Canopy says …

Banks, Insurers Set to Lose Reprieve From EU’s Toughest ESG Rule

Financial firms in the European Union look set to be hit by a new ESG requirement that they lobbied hard to avoid. The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers …

Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date

The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish line. Under …

Banks, Insurers May Escape EU’s Toughest ESG Regulation So Far

Banks, asset managers and other financial firms have won a reprieve from Europe’s most consequential ESG regulation to date, as a wave of intense industry lobbying pays off. Spain, which holds the European Union’s rotating presidency, has proposed that financial …