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  1. PRA: internal model insurers need a ‘plan B’

    Paul Fisher, deputy head of the PRA and executive director of insurance supervision, told firms the regulator is anticipating more internal model applications than any other in the European Union, which is creating an "unprecedented challenge".

  2. Esma discusses AIFMD prime segregation today

    Abbie Bell, partner at law firm Dechert, says: "If, going forward, custodians are required to segregate European Union (EU) AIFs from all other assets, including other client assets, we would expect this to require a change in prime brokers...

  3. Mifid II doomsday awaits energy firms, conference told

    Energy companies need to start planning urgently for the implementation of Mifid II – a package of European Union legislation that poses “a serious threat” to the energy trading industry, delegates at Energy Risk Summit Europe heard on October 1.

  4. 5 Fast Facts about the EU's Privacy Ruling on Google

    Their ruling, which cannot be appealed, will apply to all 28 countries in the European Union. Lee Rowlands, attorney for The American Civil Liberties Union, commented on the EU court ruling, "This result is incompatible with the right to free...

  5. Politicians and regulators need to focus on supporting financial services

    The UK should infiltrate the EU, populate the Brussels corridors with Anglo-Saxon sense and by stealth and cunning achieve what reasoned argument has blatantly failed to achieve: a European union based on sense and pragmatism rather than rhetoric...

  6. Nordic markets warm to central clearing

    As members of the European Union (EU), Sweden and Denmark will be required to comply with the regulations. A consultation document on derivatives published by the European Commission (EC) on June 14 spelt out what many people already knew...

  7. Cebs issues disclosure guidelines for banks in Europe

    Recommendations for improving banking disclosures in the European Union as a result of the financial crisis have been issued by the Committee of European Banking Supervisors (Cebs). The Level 3 committee released a consultation paper on Friday...

  8. Axis of AML

    The European Union has underlined its AML commitment through its Third Anti-Money Laundering Directive (3AMLD). A June working paper by the European Commission described the state of the directive's implementation by Europe's cross-border banks.

  9. Solvency II draft report from European Parliament Committee

    Parliamentary rapporteur Peter Skinner says Solvency II – the planned directive for capital adequacy regulation for the European Union insurance industry – should follow a “compact approach” for the calculation of the minimum capital requirement...

  10. Making apples from pears

    Only 1% of European Union (EU) consumers take out cross-border loans - making a mockery of the €800 billion market. Ever closer union' was one of the stated aims of the Treaty of Rome. On January 16, the European parliament finally adopted the...

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  11. The regulatory minefield

    The European Union is also looking to strengthen the regulation of its financial markets. Norwich Union Life was recently fined £1.26 million by the FSA for not having effective systems and controls in place to protect customers' confidential...

  12. Amended Solvency II proposal published

    Moreover, a political agreement has been reached in December 2007 between the European Parliament and the Council of the European Union on the Rome I Regulation, which deals with the law applicable on contractual obligations.