European Union (EU)
Morrison & Foerster expands capital markets business with hire of Elana Hahn
Elana Hahn joins Morrison & Foerster's capital markets group in a role that involves guiding clients through regulatory changes.
EDHEC-Risk slams France on commodity derivatives regulation
Influential risk management and analytics business school, the EDHEC-Risk Institute, has criticised France for its hardline approach to commodity derivatives market regulation on lack of evidence
Green light for new European insurance and pension supervisor
Deal reached on replacement for Ceiops
France to tighten commodity derivatives regulation
France has warned the European Commission that it will tighten its commodities derivatives regulation to prevent the risk of big swings in commodities prices
China CDMs plummet by 30% on legality risk
The number of approved Clean Development Mechanism (CDM) projects in China tumbles by 30% after investors voice concerns that the generated credits will not be legal under future emissions' regulation
Brokers establish own carbon trading risk tests
Carbon brokers establish their own checks for assessing counterparty risk, following European market authorities’ failure to react to a spate of carbon market fraud.
Credit rating agencies: A question of trust
Question of trust
Turkey power market set for expansion
Turkey turns on the power
Symbolic first 2020 EU carbon futures trade between JP Morgan and Gunvor
JP Morgan and Gunvor completed the first European Union 2020 over-the-counter European Union Allowance carbon contract on August 6, signalling their confidence in the European carbon markets
The FSA's Retail Distribution Review: What price retail advice?
What price advice?
Cesr recommends changes to Mifid revision
New pre-trade transparency requirements for MTFs and ETFs as Cesr moves to a rules-based approach
ECB insists stress tests are credible
ECB denies claims stress test scenarios were not severe enough
Seven banks fail Cebs stress tests
Institutions in Germany, Spain and Greece would be unable to maintain capital levels under “adverse scenarios”
ING warns of ‘dramatic divergence’ in interest rates if euro fails
Widely diverging interest rates could occur if EMU is dissolved, warns Dutch insurer
Hedge funds caught in EU Capital Requirements Directive
New European Union compensation rules affect hedge funds before AIFM comes in force
Questioning collateral
European financial markets have been turned upside down by the sovereign debt crisis, with eurozone government bonds no longer regarded as completely risk-free. As a result, dealers are more wary of the correlation inherent in collateral denominated in…
AIFM first reading vote delayed until September
Belgium is set to take over negotiations for the alternative investment fund managers (AIFM) directive after talks between the European Union council and parliament broke down last week.
Concerns grow on correlation of derivatives collateral
Sovereign debt crisis raises fears about correlation of derivative collateral denominated in domestic currencies
FTSE indexes track firms' carbon exposure risk
Two new carbon indexes will enable investors to make investment decisions based on how carbon reduction schemes affect company earnings
Delay of aviation EU ETS inclusion ‘unlikely’
Experts doubtful over a delay to aviation's entrance into the EU ETS due to the volcanic ash cloud, after Lufthansa CEO calls for delay until 2013
Social networking asks new questions of compliance
Companies must follow the varying demands of regulators in social networks, as markets have different obligations.
‘Fatal flaw’ may derail euro project, says Axa
Global head of fixed income at Axa says a more cohesive political union is needed if the Eurozone is to survive.