European Parliament

• EU to Consider Caps on Banker Bonuses

  By Marlene Y. Satter, AdvisorOne  |  November 12, 2012

  Britain’s Finance Minister George Osborne, who has been outspoken in his efforts to preserve the London’s financial primacy in Europe, is expected to oppose the measure and has already said he would fight any bonus caps proposed by Brussels.

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  German Finance Minister Wants to Change EU Treaties

  By Marlene Y. Satter, AdvisorOne  |  October 16, 2012

  German Finance Minister Wolfgang Schaeuble is advocating changes that will allow the EU’s monetary affairs commissioner to reject national budgets and prevent non-eurozone countries, like Britain, from nixing eurozone-only measures.

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  Basel Capital Rules Could Be Delayed: Sources

  By Marlene Y. Satter, AdvisorOne  |  October 12, 2012

  The start date for new Basel III rules on bank capital could be pushed back by six months to a year, according to three people with knowledge of current discussions.

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  EC President Unveils Banking Union Plan

  By Marlene Y. Satter, AdvisorOne  |  September 12, 2012

  The plan laid out by President Jose Manuel Barroso would not only allow the ECB to supervise all eurozone banks, but would also give it jurisdiction over a broader, and at first voluntary, EU banking base.

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  EU Leaks of Draghi Comments Threaten Future Meets: Chairwoman

  By Marlene Y. Satter, AdvisorOne  |  September 4, 2012

  Sharon Bowles, chairwoman of the EU assembly’s economic and monetary affairs committee, berated fellow committee members after comments made by ECB President Mario Draghi in a confidential meeting were leaked to the media.

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  Probe of Libor Scandal Set by British Parliament

  By Marlene Y. Satter, AdvisorOne  |  July 6, 2012

  An investigation into the rigging of Libor has been set by the British Parliament as the City of London worries that its reputation as the world’s top financial center has been damaged beyond repair.

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  Dithering Deepens, Spreads Eurozone Crisis

  By Marlene Y. Satter, AdvisorOne  |  June 1, 2012

  Calls for action seem to be everywhere throughout the eurozone with the exception of Germany, where Chancellor Angela Merkel’s insistence on adhering to austerity is increasingly isolating her from the rest of the region.

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  Greece, France Jockey for Change

  By Marlene Y. Satter, AdvisorOne  |  May 9, 2012

  Alexis Tsipras of the Syriza party in Greece has given leaders of other parties an ultimatum: reject the bailout and its tough conditions, or be shut out of the government.

• E.U. Debates Bank Capital Rules

  By Marlene Y. Satter, AdvisorOne  |  May 2, 2012

  E.U. leaders are attempting to come to agreement on the amount of capital banks would have to set aside as a precaution against losses, with Britain and Sweden seeking even larger percentages than rules already being discussed.

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  E.U. Could Trim Bank Bonuses

  By Marlene Y. Satter, AdvisorOne  |  April 25, 2012

  E.U. banks could soon find themselves regarded in much the same way as power or water companies: entities that keep society functioning but pretty much stay in the background.